Renovations can provide additional means to extend the functionality of the home.
- Re-position electrical switches and outlets so not to stretch your arms too high above your shoulders.
- Lowering the height of countertops and cabinets to make it easier to prep food and access kitchenware.
- Fixing and updating your flooring to eliminate height changes, dips, odd transitions, or curbs.
- Single-level living such as moving the laundry room to the main floor from the basement.
A Reverse Mortgage is an excellent choice for financing home renovation projects. The tax free cash can be used for the necessary renovations or upgrades, which in turn will increase the value of your home.
Homeowners can access to their home’s equity as tax-free cash. You maintain ownership and control of your home, and continue to live in the home you love.
There are no required monthly mortgage payments until you eventually move or sell the home.
