A reverse mortgage allows homeowners over the age of 62, to convert equity in their homes to cash. The amount of reverse mortgage you may be able to qualify for is not dependent on your income. In fact, it is wholly based on your age, the value of your home, and current interest rates. Best of all you can use the proceeds as you wish. The reverse mortgage loans are secured by the home and the owner does not have to repay the loan until they die, sell or permanently move out of the home.
All mortgage products are subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Additional conditions, qualifications, and restrictions may apply. This is not an offer for extension of credit or a commitment to lend. Please contact Capstone Home Loans for more information.