What is it?
A "reverse" mortgage is a loan against your home that you do not have to pay back, as long as you live there. You can turn the value of your home into cash without having to move or repay the loan.

Benefits to you:

• Proceeds are tax-free
• No monthly mortgage payments required
• Use the cash any way you choose
• Continue to own your own home
• No income qualifications

The cash you get from a Reverse Mortgage can be paid in several ways:

• All at once, in a single lump sum;
• As a regular monthly cash advance;
• As a "credit line" that lets you decide when and how much of your available cash is paid to you; or
• As a combination of these payment methods.

Requirements:

• You typically don't have to pay anything  back until you die, sell, or move.
• You must own your home and be 62 or older to be eligible.

For more information, call a Mortgage Loan Officer at 317.277.8226 or 800.561.9433.