1st Reverse Financial Services

Contact us at:
877.574.1000
Toll-Free
Common Reasons to Obtain a Reverse Mortgage:

Seniors have been obtaining Reverse Mortgage loans for a variety of reasons. Since the proceeds from a Reverse Mortgage loan are tax-free, monthly mortgage payments are not required and the proceeds can be used for just about any purpose; many Seniors are realizing financial flexibilities that they never expected would be available to them again.

Below are just a few of the common reasons and uses that Reverse Mortgage borrowers have identified:

Income:
  • Obtain a Lump Sum of Money
  • Receive monthly payments
  • Have access to a Line of Credit
  • Or any combination of these options, while eliminating the need to ever make mortgage payments again!

Debt Reduction:
  • Payoff current mortgage loans
  • Payoff personal liens
  • Consolidate debts
Housing Considerations:
  • Pay real estate taxes
  • Pay for homeowners insurance
  • Maintenance and upkeep of your home
  • Home improvements and additions
  • Purchase a New Home!
Financial Planning Considerations:
  • Estate Planning
  • Annuities
  • Long-Term Care
  • Life Insurance
  • Maintaining your financial independence
Quality of Life Considerations:
  • Being able to stay in your home as long as you chose!
  • Travel
  • Vacations
  • Vacation properties
  • Real estate investment opportunities
  • Educational funding for you and/or your family
  • The comfort of knowing that your family and heirs will not need to provide financial support to maintain your lifestyle