Benefits of a Reverse Mortgage

Plain and simple: there are no restrictions for how you can use your proceeds from a reverse mortgage. Common uses include:

Supplement Social Security income
Pay for medical expenses
Take dream vacations
Spoil the grandkids!
Home improvements/modification to “age-in-place”
Buy an RV

Testimonial " Finally, I can sleep at night. My husband's medical bills were more than our monthly income and I didn't know what to do. Thank you for all your help."

Travel
Pay off other loans
Create a cash reserve or emergency fund
Pay for in-home care
Avoiding foreclosure
Buying a boat or airplane
Fund the grandkids' educations

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Mortgage Associates, Inc. is an FHA-approved Mortgage Broker (78225-0000-4) and is licensed in Maryland, Virginia (#MB-1038), Pennsylvania and Delaware. Mortgage Associates, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution.

Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, and home value. As a broker, we can arrange a loan with a third-party lender, but we cannot make, fund, or approve mortgage loans or guarantee rates. Not all programs are available in all areas.

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