A reverse mortgage is loan available to homeowners who are 62 years or older that enables them to convert part of the equity in their home into cash.
For many homeowners, a reverse mortgage can be an ideal way to maximize your equity and supplement your income. The process of obtaining one, however, is often less ideal. It can be overwhelming and confusing to understand, making you vulnerable to scams and predators. Sorgi will give you the tools to navigate this process.
Consulting with Sorgi of Hanover, will allow you to learn the process, step by step, and have professionals who truly care about you and your goals answer your questions. With experience on your side, a reverse mortgage can be an excellent tool for enjoying retirement.
Reverse Mortgages Can Fund Long-term Care
A reverse mortgage can be a solution to the daunting problem of paying for long-term and end-of-life care. Funds from a reverse mortgage may be used to purchase long-term care insurance policies. As a result of the Economic Opportunity Act of 2000, the credit line programs established when you do a reverse mortgage on your home for long-term care insurance purposes can be set up specifically to accommodate your monthly insurance payments through the life of your policy.