The Modified Term option allows you to set aside a portion of Reverse Mortgage proceeds as an available line-of-credit and receive the rest in the form of equal monthly income for a fixed period.
For example, if you want increased monthly income for a fixed term - yet you need additional dollars now in order to, say, fix up your home - then this Reverse Mortgage option will give you the money you need now while beefing up your monthly income.
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.
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