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For Mortgage Terms From A-Z
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Reverse Mortgage
This is a unique type of home equity loan for seniors 62 or older, which can provide lifetime tax free income. Senior home owners that have accumulated equity over the years can now tap into their assets using a reverse mortgage while not taking out any additional monthly mortgage payments.
This option is gaining popularity for many seniors who are on fixed incomes and are faced with the challenge of rising health costs and cost of living.
Any funds received from a Reverse mortgage is tax free, is eligible to be used for any purpose, will not affect your social security income or Medicare benefits, and does not require repayment as long as you live in your home. The senior does not have to sell their home, give up any title or make monthly payments.
At AAR Funding Corp. we are delighted to offer these types of loan products that can improve the quality of living for an elder person.
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Low Rates
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Many Loan Programs
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Personalized Service
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Free Prequalifications
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Quick Loan Process
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Equal Housing Lender.