Imagine having the income you need to remain living in your home after retirement. Imagine having the extra income you need for improvements, healthcare costs, even vacations. That's where a Reverse Mortgage from WesternBank comes in.
• Converts your home equity into monthly income
• No credit or income verification
• Borrower retains ownership and occupancy of home
• No monthly payments
• Tax-free equity release
• Closing costs and other fees can be financed with the loan
Reverse Mortgage Fast Facts
• All borrowers must be 62 or older
• No repayment is made until the home is sold, the owner permanently moves out or passes away
• You will never owe more that the value of your home
• No credit or income verification is necessary to qualify
• Interest is paid at the time the loan is repaid
• When the loan is due, your heirs have options - repay the loan and keep the home or sell the home and repay the loan
• Social Security benefits and Medicare are NOT affected by a Reverse Mortgage
WesternBank is an equal opportunity lender.