The thought of retirement can instantly conjure up images of dream vacations, days spent in leisure, and time spent with family and friends. While those images are all appealing and certainly sound ideal what many who have recently retired are finding is that this comes at a cost and often times that cost is far greater than their financial means. This shouldn’t mean that those goals and aspirations for retirement should be dashed and for homeowners 62 years of age or older they don’t have to be as a reverse mortgage could be the perfect solution.
With reverse mortgages homeowners get access to cash based exclusively on the equity they have already built in their home, essentially a reward for the work they have done. This money can then be used for whatever the homeowner wants, meaning that dream retirement can quickly become a reality in just a few steps.
Bank of Internet USA, America’s oldest and most trusted Internet bank, knows how important retirement is to a homeowner and wants to ensure that phase of their life is spent doing exactly what they want to do and with a reverse mortgage loan it’s possible.
The reverse mortgage specialists at Bank of Internet USA will take the time to address any questions a homeowner may have about a reverse mortgage as well as point out the benefits that come with this loan program. Those benefits include the fact that you retain ownership of your home with reverse mortgage; you have the option of not making any loan payments for the time you live in your home; and you are able to refinance or sell your home at any time without penalty.
While it’s natural to feel a sense of financial uncertainty when nearing retirement that doesn’t have to become a reality, speak with a reverse mortgage specialist at Bank of Internet USA and learn more about home you can live the retirement you have always envisioned.