Payout Options

Payout Options

• Lump sum - receive the loan balance all at once. One time only payment to you.
• Monthly term - specific amount over a defined time.
• Monthly lifetime (tenure) - Payments will continue as long as you own the home. Loan only due if you vacate the home, sell the property, refinance for another mortgage, or pass away.
• Line of credit - can be drawn upon as you need it and the available balance can continue to grow annually.
• Combination - choose from a combination from the above programs.

Combines two options to accessing available funds.

1. Line of Credit and Payment over a given Term
2. Line of Credit and Payment over Tenure
3. Reverse Mortgage proceeds can be used for any purpose you like.
4. Improve your quality of life during retirement!
5. 1) Provides Flexibility - Access funds as needed.
6. 2) Growth feature - Any unused balance continues to grows. As your home appreciates so does your balance.