Make the Most of Retirement

If you are at least 62 years old and low or no outstanding mortgage debt, our Reverse Mortgage programs allow you to borrow against the equity in your home without repaying the debt for as long as you live in your home. That is the “reverse” part of this type of mortgage loan, instead of making monthly payments, you can opt to receive them!

Reverse Mortgage vs. Traditional Refinance Loans

Traditional refinance loans mean that the homeowner borrows a large amount of money and makes monthly payments. As payments are made, the loan balance gets smaller and equity in the home grows.

With a Reverse Mortgage, the homeowner borrows small amounts from a line of credit, either monthly or at regular intervals. Over the course of time, the loan balance gets larger, and the equity in the home gets smaller. Payment is required only once, at the end of the loan, which in most cases is when the homeowner dies, or when the homeowner sells or no longer uses the home as a primary residence.

Flexible Access to Extra Income

Reverse Mortgages allow borrowers to obtain loan proceeds:

• in a lump sum to cover large expenses
• in monthly installments to supplement income
• as a line of credit to draw on as necessary

There is even a choice for an immediate cash advance in addition to monthly allotments. Borrowers can change funds distributions plans as many times as they wish.

Stay in Your Home with Peace of Mind

• There is no income, employment or credit qualifying restrictions*
• Maximum loan amount is based on age, where the borrower lives and the value of the home. The amount owed can never exceed property value, so a Reverse Mortgage can never cause you to lose your home.
• The funds received during loan terms, plus any accrued interest, become due when the borrower sells or no longer uses the home as a primary residence.

Your Golden Mortgage Capital, LLC consultant will listen to your post retirement goals and help you choose the best financing solution to achieve your dream.