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How does a Reverse Mortgage work? It’s like a normal mortgage, but you pay no monthly payments. Instead, principal and interest are due upon the sale or transfer of your home. Whenever the home gets sold or transfers from one owner to another, the mortgage amount gets paid off. You can use the cash from your reverse mortgage for anything you want. If you are aged 55 or older, then a reverse mortgage is a good option to consider. It gives you access to the home equity you’ve worked so hard to build. Surely something worth knowing, right?
Stress-Free Reverse Mortgages!
Want help choosing a reverse mortgage? We match your goals with a loan, not the other way around! Personal service, every time!
- Get Cash in a Lump Sum, a Line of Credit, or Once per Month!
- Fixed and Variable (Adjustable) Rates
- We Make the Process Easy and Confidential
- Terms from 6 Months to 5 Years (Renewable)
My credit rating played no role with MortgageMop’s (access to) lenders. I got what I needed with no stress and based on my experience with other mortgage agents over the years I would not hesitate to recommend them."
David, from Barrie
Good experience overall, no complaints. They passed my standards. And I’m what you call a difficult customer who likes details and answers."
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