Stay in your home. Stay in control. Enjoy the benefits of a reverse mortgage.

What’s more satisfying than paying off your home’s mortgage? Having your home pay you back. A reverse mortgage helps you gain control over a more comfortable retirement by borrowing against your home’s equity to get regular cash payments. Enjoy the confidence that comes with financial flexibility. Cover your expenses, make repairs to your home, or pay down debt, without tapping into your savings.

How Does a Reverse Mortgage Work?

A Reverse Mortgage or HECM (Home Equity Conversion Mortgage) is designed for homeowners age 62 and over who have a home that’s paid off or one with sufficient home equity. With an HECM, you’ll continue to own your home and you won’t have to make monthly mortgage payments. You also won’t have to repay your reverse mortgage until you sell your home or it’s no longer your primary residence.

In most cases, the cash you receive is not taxable income, so it won’t affect your Social Security or Medicare benefits. As always, you should contact your tax, financial or benefits specialist about your individual situation.


Liberty Bank’s Low-Cost HECM

Our low-cost reverse mortgage features all the traditional benefits of a reverse mortgage, while saving you thousands of dollars in closing costs. Take your funds as a lump sum, line of credit, monthly advance, or any combination that fits your needs.1

Get More Information About Reverse Mortgages

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Rick Kalnins, Reverse Mortgage specialist.
Ready to learn more?

Contact our Reverse Mortgage specialist Rick Kalnins at (203) 695-5665.


NMLS #452757

Disclosures

  1. Borrowers who elect a fixed-rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages. Subject to credit and underwriting approval.

This material has not been reviewed, approved or issued by HUD, FHA or any government agency. 

Liberty Bank NMLS #459028

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