Under the Modified Tenure option, you may set aside a portion of loan proceeds as an available line-of-credit and receive the rest in the form of equal monthly income for as long as you live and continue to occupy your home as your principal residence.
This Reverse Mortgage option gives you a line-of- credit to use when and as needed. It also provides monthly income for as long as you live in your home.
If you wish further information, or if you have any questions or comments, please call
1-800/250-4959 or e-mail us by
clicking here.
Countrywide Bank, FSB and Countrywide Home Loans, Inc. are Equal Housing Lenders. © 2007 Countrywide Financial Corporation. Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries. Countrywide Home Loans, Inc. is headquartered at 4500 Park Granada, Calabasas, CA 91302. Arizona Mortgage Banker License Number BK8805; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. #5929; Illinois Residential Mortgage Licensee; Massachusetts Mortgage Lender License No. ML 1623; this is not an offer to enter into an interest rate lock-in agreement under Minnesota law; Licensed by the New Hampshire Banking Department; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department; Registered with the Pennsylvania Banking Department; Rhode Island Lender’s License. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.