For seniors 62 years or older and in need of an extra line of income, a reverse mortgage may the right path for you. It takes the equity from the home you worked hard for to pay off and gives you a portion of the mortgage that you have already paid. With UFB Direct it is easy to apply for a reverse mortgage because it is a revolving line of credit on equity that you have already built. UFB Direct will assist you with a reverse mortgage specialist who can uncover all the possibilities on utilizing the equity that you have earned over your lifetime.
With a reverse mortgage an individual retains ownership of their home from the bank, and the payment of the loan taken out is deferred until the owner is no longer the owner of the home. A reverse mortgage can help supplement the lifestyle of the retiree or individual who simply needs an extra line of credit. Because the loan is based on the equity earned by the individual requesting it, it is easy to receive a reverse mortgage. There are no fees in the reselling of the home, and it is the money one receives from a reverse mortgage may be used for whatever the want.
UFB Direct provides individuals with the tools necessary to receive the best lump sum payments for their mortgage over a period of time. Getting a Reverse Mortgage through UFB Direct is easy, and they will provide you with the necessary tools to get the best rates possible from the equity that you have earned.