If you're over the age of 62 and planning to retire, you're probably worried about sustaining your lifestyle. For the first time, you won't be getting a regular paycheck-how do you pay your bills? Call Advisors Mortgage Group LLC - Doug Porter in Toms River, NJ to get more information about reverse mortgages.
You don't have to struggle to make ends meet after you retire. Meet with a reverse mortgage lender today.
When you bought a home, you made a big investment. Now, as you plan to retire, you can look at your home as a financial resource. If you have equity in your home, you can use it as a source of income by taking out a reverse mortgage.
Monthly mortgage payments are optional, but property taxes and insurance are required to be paid. There is one mortgage payment that must be paid, as the loan comes due once the borrower passes or fails to occupy the property as a primary residence. The borrower must maintain the property, as failure to do so can result in foreclosure action.
How do reverse mortgages work? You can tap into the equity of your home. You can also purchase a home with a reverse mortgage. Contact Advisors Mortgage Group LLC - Doug Porter to schedule an appointment with an experienced reverse mortgage lender in Toms River, New Jersey and throughout Ocean County.