If you're 62 or older and looking to stay in your home, a reverse mortgage can provide you with extra cash flow without monthly payments. Enjoy the comfort of knowing your financial future is more secure, while still living in the home you love.

A Reverse Mortgage is a financial product available to homeowners typically aged 62 or older, designed to allow them to convert a portion of their home equity into cash without having to sell their home or make monthly mortgage payments. Instead of the homeowner making payments to the lender, the lender makes payments to the homeowner, either in a lump sum, a series of payments, or a line of credit. The loan is repaid when the borrower sells the home, moves out permanently, or passes away. Reverse mortgages can provide retirees with additional income in retirement, but they also come with risks and considerations, such as potentially reducing the inheritance for heirs and accruing interest over time. Therefore, it's crucial for homeowners to thoroughly understand the terms and implications of a reverse mortgage before entering into one.

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 181106

Tony Baca | NMLS #949946 | Barrett Financial Group, L.L.C. | NMLS #181106 | 8485 W Sunset Rd Suite 202, Las Vegas, Nevada 89113 | LA | NV 5091 |  Equal Housing Opportunity | Equal Housing Lender | This is not a commitment to lend. All loans are subject to credit approval. | NMLS Consumer Access | Visit Barrett Financial Group’s Website