www.SeniorLifeSolutions.net

Closing and Receiving Your Funds

Choose the Reverse Mortgage Option that is right for you

How can I receive my money?

The choice is yours. You can choose from the following options:

  • Lump sum
  • Monthly payments
  • Establish a line of credit and withdraw money as needed
  • Invest the money in an annuity and choose how it is to be received
  • Establish your own time frame (i.e.: payments for 3 years, 5 years, 10 years, etc.)
  • Receive some money up front and leave the remainder in a Line of Credit to be used in the future at your discretion. There are no interest charges on the unused portion of the money

How does the line of credit work?

You are provided access to a line of credit to be withdrawn at will. Having this line of credit pre-established enables you to receive money as needed.

Interest is only charged on the money actually used.

National Reverse Mortgage Lenders Association
Contact Us  Disclaimer  Site Map

Vancouver Reverse Mortgage    Portland Reverse Mortgage    Spokane Reverse Mortgage
Anacortes Reverse Mortgage    Seattle Reverse Mortgage     Washington Reverse Mortgage
Copyright© 2006 All Rights Reserved Senior Life Solutions