A Reverse Mortgage allows seniors to borrow against the equity in their homes and receive monthly payments, an equity line of credit or a lump sum payment. The process to qualify for a Reverse Mortgage is very easy; we don't even look at your income or credit score. Many seniors have found this to be the smartest way to catch up on mounting expenses or needed improvements.

Proceeds from reverse mortgages can be used to pay for: home repairs and improvements, cost-saving energy improvements, and improvements to make life around the house easier - like a wheelchair ramp or an easier-to-use bathing area.

The proceeds may also be used to pay for in-home health care, so a nursing home is no longer the only option. High interest credit cards and car loans can be paid off, lowering the monthly bills. How about a wheelchair accessible van? Perhaps a modification to an existing vehicle to accommodate an electric scooter. The proceeds can be used for prescription drugs or procedures not covered by insurance.

If you are a senior, age 62 or older, and you would like to look into using some of your home's equity to improve the quality of your life.