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Reverse Mortgage in Birmingham & Huntsville

How Does Reverse Mortgage Work?

For homeowners aging 62 and older, Weber Mortgage offers reverse mortgage loans that convert a part of your home equity into tax-free cash. Unlike a regular mortgage in which the homeowner makes payments to the lender, with a reverse mortgage, the lender pays the homeowner. You can choose from lump sum, monthly, line of credit, or a combination of payment types. 

Homeowners who opt for this sort of mortgage don’t have a monthly payment and can continue to live in their home, but the loan must be repaid when the borrower dies, permanently moves out, or sells the home. However, you’ll still need to have adequate income to continue to pay for other property taxes, homeowners insurance, and upkeep of the home. For more information contact us online or give us a call at 205-751-8583.

Benefits of Choosing Reverse Mortage

Reverse Mortgage in Birmingham & Huntsville

Homeowners aging 62 or older are usually close to or in their retirement. As a retiree, a reverse mortgage can help you in multiple ways, such as: 

  • Increase Tax-Free Cash Flow in Retirement
  • Buy a Better Home Without Making Mortgage Payments
  • In a Reverse Mortage Situation, You Own the Home
  • Pay Off Your Existing Home Loan
  • You Won’t Have Tax Liability
  • Never Owe More Than the Home is Worth

Weber Mortgage Can Help You in Your Retirement

If you are a homeowner living in Pelham, Vestavia, Mount Olive, Mobile, and other nearby areas, you can opt for a reverse mortgage to secure your retirement. We can guide you thoroughly so that you don’t miss a detail. If you have more questions, try exploring known Myths & Facts about reverse mortgages. For further information about reverse mortgages in Florida & Alabama, call us at 205-751-8583.

Additional Home Loan Options from Weber Mortgage

Weber Mortgage has been helping homeowners and first-time homeowners alike with outstanding home loan solutions since 1999. We can make your home loan process clear and straightforward because your valuable investment is our priority. Our home loans include: