What is a Mississippi Reverse Mortgage?
A reverse mortgage can mean security and financial freedom to do everything you’ve envisioned during your golden years. Our team is dedicated to helping you find a financial solution that will allow you to not only retain your independence, but also enjoy things like traveling, making big ticket purchases, engaging in home improvement projects, and more. Funds from reverse mortgage solutions can be used for anything you need.
A reverse mortgage is a tool that homeowners and financial planners are using to supplement retirement income; some financial planners also use it to postpone Social Security payments for clients so that they receive higher benefit payments.
What will you use your income for? We offer a variety of disbursement choices to make sure all of our clients achieve the solutions that work best for them. Best of all, you can eliminate your monthly mortgage payment!
Reverse Mortgage Funds Disbursement Options
Choose to receive funds all in one lump sum, either at close or at any time of your choice.
Receive term payments over months or years.
Tenure payments are those that are made over the expected life of the youngest borrower; if that person lives longer than expected, the payments continue for as long as they live.
Equity Line (Credit Line): This is a popular option because of the interest monies gained on the credit line for the amount of funds on it; this credit line growth can accumulate to be substantial.
Choose a combination of any of the above options, and receive payments on a schedule that works best for you!
Don’t wait any longer to see how easy it can be to enjoy your retirement without financial worry. Apply now for Trinity’s reverse mortgage solutions and make your home’s equity work for you!
Reverse Mortgages in Mississippi
Don’t let the equity in your home go to waste – use it with a reverse mortgage! The HECM (home equity conversion mortgage) option may be a great choice for you if you are looking for a loan that is similar to a traditional mortgage. There is also a jumbo reverse mortgage option that allows seniors to retain their independence – many people can pay off their mortgages, take a dream vacation, or consolidate debt, all while remaining in their homes.
If you are at least 62 years old with at fair credit or better, you own your own home and it is your primary residence, and your home has built up equity, you might qualify for one of these solutions.
Why Trinity Works for You
Our staff members here at Trinity Mutual are proud of our hard-earned reputation; we pride ourselves on being able to truly care for seniors and their particular financial needs. Our team will help you every step of the way through the process, and will help find a great option that will get you the results you deserve. If a reverse mortgage isn’t the best solution for your situation, we may recommend a consultation with a financial planner, a traditional refinance, or a property trade followed by a reverse mortgage. We also may recommend that you make no changes to your current loan.
Our owner and founder is a Certified Senior Advisor, who has special training and experience in helping seniors with the specific financial decisions that will affect their lives the most. Those in good standing as a CSA abide by a specific code of ethics and principles, and the entire staff at Trinity operates under these same principles. For more information on CSAs, please visit www.society-csa.com.
At Trinity Mutual, we’re committed to helping you find the option that fits your needs. Contact us today and discover how easy it can be to enjoy your retirement.
*Trinity Mutual is not a lender, but a mortgage broker who looks for the best lender for your loan.