1. Lump Sum Amount
You receive a one-time check that you can use as you wish. Take that big
trip you've always dreamed of, pay your taxes, put a grandchild through
college - it can all be possible with the right reverse mortgage.
2. Credit Line
You have access to a pre-determined amount of money, that you can use
WHEN and HOW you wish, simply by writing a check. The credit line option
can provide peace of mind, knowing that you can remain independent and
in your own home through life's unexpected situations.
3. Monthly Cash Advance
You will receive a check in the mail each month, for a specified amount
of money. Much in the way that you paid the bank each month, now the
bank pays you.
You can use the proceeds for basic living
expenses, in-home medical care and prescriptions, travel, gifts, or even
for a life insurance policy to provide for loved ones when you're gone.
4. Combination
Perhaps you'd like to have the freedom that comes with a combination of
the lump sum amount, the credit line, and the month cash advance.
Pay off debts with the lump sum amount, keep the
credit line for unexpected expenses, and receive the monthly cash
advance to help with basic living expenses.
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You can have it your
way!
You spent years
working for your home,
Now it's time to make
your home work for YOU!
Did You Know?
If in the future you find that you need more money,
you can refinance the terms of your reverse mortgage if the equity in
your home has grown. Contact
your reverse mortgage specialist, Eben Johnson, at 920-379-1128
today!
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