Retirement Funding Solutions. Cynthia Kersteins, NMLS# 1219186

Reverse Mortgages can be a great way for qualified homeowners to access the equity in their homes. It can be used to improve your lifestyle by supplementing your monthly income, covering healthcare costs, paying off existing mortgages, fixing up your home, or simply gaining peace of mind. Whatever your specific goals, a reverse Mortgage can go a long way towards helping you maintain your financial

independence. A reverse mortgage, also known as the FHA HECM (Home Equity Conversion Mortgage), is a federally insured loan that allows you to convert some of the equity in your home into tax-free cash. It is a unique loan that is easy to obtain if you are at least 62 years of age and own your own home or condo. You always remain the owner of your home.

- No monthly mortgage payment.
- Minimal income and credit score requirements.
- Proceeds do not affect your Social Security or Medicare Benefits.
- You can receive the proceeds in a variety of ways and they can be used however you want.
- It's government insured - If your loan balance exceeds the value of your home, you are not liable for the excess.
- The loan is not due until the last homeowner passes away, sells the home or permanently moves out of the home.
- Fixed rate and adjustable rate programs are available.