Park place
mortgage
loan program
Reverse Mortgage Loans
Overview
A Reverse Mortgage allows homeowners aged 62 or older to convert home equity into cash without monthly mortgage payments. It’s a smart way to supplement retirement income while staying in your home.
benefits
No Monthly Payments: Eliminate existing mortgage payments.
Tax-Free Cash: Receive tax-free funds from your home equity.
Stay in Your Home: Continue living in your home without selling.
Flexible Payments: Take funds as a lump sum, line of credit, or monthly payments.
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