Also See: Reverse Mortgage Basics

Location: Connecticut Reverse Mortgage

Looking for the financial securities that will help you really enjoy retirement? If this sounds like you then a Connecticut reverse mortgage may be exactly what you are looking for. A Connecticut reverse mortgage is a unique type of loan that allows you to tap into the equity of your home without ever having to make a monthly payment. You can pay off credit cards, medical bills, or even the remainder of your first mortgage and use the remaining equity any way you chose, and there are no income or medical requirements to qualify for a Connecticut reverse mortgage. Whether you are looking to enjoy retirement by traveling the world, or you just want to have some extra cash at hand, a Connecticut reverse mortgage from Gateway Home Loans could be the perfect fit for you.

What is Reverse Mortgage?

A Connecticut reverse mortgage is an option that is available to you if:

• You own your home
• Your home is your primary residence
• You are over the age of 62
• You are looking to turn the equity of your home into cash

A Connecticut reverse mortgage allows you the flexibility to use the money borrowed to address any financial need you may have. This loan gets its name because it works in the opposite direction of a forward mortgage. As a forward mortgage is amortized, or the principal of the loan is paid down, your debt lowers and the equity in your home rises. You may find a Connecticut reverse mortgage attractive if you want to spend down your equity while you are still living in your home, all the while not incurring monthly payments.

Improve cash flow!

• Pay off your current mortgage - no more payments!
• Receive lump sum cash at closing
• Receive cash as needed
• Receive a monthly check

The money received from a Connecticut reverse mortgage is Tax-Free because the money received by the borrower is not income so there are no income taxes to pay. With a Connecticut reverse mortgage the homeowner retains full rights to appreciated value of the home. Since the owner retains all ownership rights, any appreciation in the value of the home belongs to the homeowner.

For more information Contact us below.

Not in CT? No Problem!

Contact one of our professionals at 1-800-743-9233 or click here for more information.

You will acquire your own personal consultant to help get you started with the mortgage process and fully explain why a reverse mortgage might be a good option for you.

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Reverse Mortgage

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Download the Guide to Reverse Mortgages

View the Reverse Mortgage Presentation