The Benefits of a New Jersey Reverse Mortgage

A reverse mortgage in New Jersey can provide you with income by tapping into the built-up equity in your home, giving you extra income. Our staff here at Trinity Mutual is committed to helping seniors like you attain a financial solution that meets their needs. You can use the money for anything and enjoy retirement!

Gain freedom from financial burden. Use the income to pay bills, travel, do some home improvement, or anything else

Eliminate your monthly mortgage payments!

Receive the money with few conditions.

Your home can be turned into a home pension!

A HECM for Purchase makes it simple to buy a house and get a reverse mortgage at the same time.

A variety of disbursement options ensures you get the best customized solution.

Our clients enjoy not having to make any more monthly mortgage payments; instead, they receive income. You can use the cash for any purpose, and the disbursements are tax-free (consult your tax professional). Best of all, you’ll be served by a staff of experts here at Trinity that always have your best interests at heart. We can match you with a variety of reverse mortgage solutions, and would love to help you with the best solution for your retirement.

Why Consider a Reverse Mortgage?

If you are 62 years old or older with at least fair credit, you own your own home and it’s your primary residence, and equity has accumulated in the home, you most likely qualify for a reverse mortgage solution. You’re able to choose from a variety of options how you want to receive the funds:

• Term payments deposited to you on a regular basis, such as each month or each year.
• Tenure payments, which are monthly disbursements paid over the expected lifetime of the youngest borrower. If the person lives longer than FHA estimates, the payments still continue.
• Choose to receive one lump sum at close, or at any other time you like.
• A credit line, or equity line, is an option that earns interest on the funds that remain in that line. For example, a $100,000 credit line with 6.35% growth would earn $6,350 in interest income after 12 months, provided the proceeds are not withdrawn from the credit line.
• Or, you can choose to receive your funds in any combination of these options.

Reverse mortgage solutions are quickly becoming popular tools that homeowners and financial planners are using to supplement retirement income. Some financial planners use it to postpone Social Security payments for clients so that they receive higher benefit payments. You can use the money for anything you need.

Trinity Offers You a Unique Advantage

Our team is led by our owner and founder, Michael Fullam. Since 2005, Trinity has been educating and helping seniors with retirement income options, guiding them on the benefits of a reverse home mortgage. We’re aware of the specific challenges that seniors face, which is why our team follows the code of ethics that Certified Senior Advisors (CSAs) abide by; not to mention that Michael Fullam is a CSA himself! It’s just one more reason why you should look to our team at Trinity for your reverse mortgage.

Contact us at Trinity today! We can help you choose the best option for your needs that will make enjoying retirement a reality.

*Trinity Mutual is not a lender, but a mortgage broker who looks for the best lender for your loan.