A Reverse Mortgage can significantly improve your quality of life in retirement by eliminating debt and providing funds to keep up with the cost of retirement living. In this video, Ann G. talks about her home and how a Reverse Mortgage from Monticello Reverse Mortgage helped her stay in her home and make some improvements.
There are several ways to receive the proceeds from a Reverse Mortgage to meet your financial needs, including lump sums or monthly payments to you. A Reverse Mortgage is a loan provided to a senior homeowner (62 years of age or older) that uses a portion of the home's equity as collateral.
There are several ways to receive the proceeds from a Reverse Mortgage to meet your financial needs, including lump sums or monthly payments to you. A Reverse Mortgage is a loan provided to a senior homeowner (62 years of age or older) that uses a portion of the home's equity as collateral.
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About Reverse Mortgages
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What is a Reverse Mortgage? The simple way to describe a reverse mortgage is that it is a loan provided to a senior homeowner-62 years of age or older-that uses a portion of their home's equity as collateral. Generally, the loan does not have to be repaid until the last surviving homeowner passes away or leaves the home.
Our Team
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John O'Connor has a passion for helping senior citizens and their families understand the benefits of a reverse mortgage. Also known as "The Reverse Mortgage Doctor" he's been helping seniors get Reverse Mortgages for more than 15 years. John lives in Crozet, Virginia with his wife Lori, two kids-Danny and Katie, and their two dogs.
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