A reverse mortgage is a loan that allows homeowners age 62 and older to access a portion of their home equity and convert it into tax-free funds.*
*Consult your financial advisor and appropriate government agencies for any effect on taxes or government benefits.
Need more information? Or would you like to apply for a reverse mortgage? Please contact the Credit Union at firstname.lastname@example.org, 800.873.5100, ext. 7722.
Learn how to ease the burden of handling your money in your golden years and set up a plan for success with BALANCE’s Senior Finances Toolkit.
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