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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
Purchase
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Cerro Gordo, NC Reverse Mortgage in North Carolina
If you’re a homeowner 62 years or older, consider the tax-free income benefits of a Reverse Mortgage. Unlike a regular mortgage, with reverse mortgages the lender makes payments to you. Cerro Gordo, NC residents can choose to receive the money from a reverse mortgage in fixed monthly payments, a line of credit, or in a lump sum. More than 55% of borrowers choose the line of credit, which allows you to draw from the loan at any time.
The amount of your reverse mortgage is determined primarily by your age and appraised home value. To find out just how much you can get, speak to one of our Reverse Mortgage Specialists today!
Return to reverse mortgage in the state of NC
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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