Apply for Reverse mortgage today and
take your retirement to the next level.
Borrower is responsible for paying taxes, insurance,
maintenance and other related property expenses.
Think you need to sell your home just because you're getting older? Think again. With a NAF Reverse mortgage, you can retire with wisdom, grace, and stay in the home you love.
A Reverse mortgage converts your home equity into cash, turning your home into your own personal ATM. You can use it as a strategic financial tool to fund your bucket list, manage expenses, pay off debt, or just spoil your grandkids.
Some believe that borrowers can owe more than the value of the home - not true. A Reverse mortgage is a non-recourse loan, meaning the borrower or their estate will never owe more than the home's value at the time the loan is due.
High fees are for the birds. Reverse mortgage fees are not typically any higher than comparable traditional mortgages.
You can use the funds from a Reverse mortgage for any purpose. Yep, anything. Including paying off existing mortgages, home renovations or just daily expenses.
With a Reverse mortgage you won't pass down any debt. If the home is sold to repay the reverse mortgage, heirs can inherit any remaining equity. They are not responsible for repaying the loan if the loan balance exceeds the home value.
As long as the borrower meets the loan obligations, such as paying property taxes, homeowner's insurance and maintenance of the home, the borrower cannot be foreclosed on.
Clearly false. In fact, A Reverse mortgages can be a strategic, financial tool for retirees looking to supplement their income, manage expenses, or enhance their retirement lifestyle.
Borrower is responsible for paying taxes, insurance,
maintenance and other related property expenses.