Senior Equity Reverse Mortgage®
It’s your money, your decision.
“It was great to know I could pay off the debts that I had.”
Betty Jane
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A key benefit of reverse mortgages is the freedom to use the funds however you want. Many people choose a reverse mortgage to eliminate their monthly mortgage payments and to cover large or unexpected expenses.
You can use your reverse mortgage to:
- Pay off an existing mortgage and eliminate debt
- Cover medical care, prescription drugs and in-home care
- Supplement your retirement income
- Make home improvements and repairs
- Modify your home for better accessibility
- Travel to visit family and friends
- Contribute to your grandchildren’s college education
- Purchase a new home with only a down payment (available with the Bank of America Senior Equity Reverse Mortgage® Platinum. Ask your Equity Loan Officer for details.)
Perhaps the biggest reverse mortgage benefit will be your ability to enjoy financial security and maintain your independence—all while staying in your home.
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Are You Eligible?
