It can be used to pay off an existing mortgage and therefore eliminate monthly mortgage payments.
To cover health expenses or renovations in the primary residence.
Or to provide cash on hand for surprise expenses.Baby boomers (approx. 50 to 64 years old) make up the largest group in our country and many lost over half their savings during the recession or did not save properly. The reverse mortgage program is one option to get them back on the right track for retirement without affecting those they leave behind. Check out these real life testimonials about homeowners who have opted to get a reverse mortgage and continue to live with the benefits without the misconceptions. At PS Financial Services, a Reverse Mortgage Program company in Florida, we are committed to finding the best Reverse Mortgage Program for you. Contact us at (888) 845-6630. There is no pressure for those inquire.