Introducing the Reverse Mortgage from New Carlisle Federal, a solution for a comfortable retirement.
You worked hard all your life, now its your time. New Carlisle Federal understands the demands of your life…kids, college, medical complications – how is one to save for retirement? Like many you might need more cash to pay the essentials of retirement, buy that second home or travel and relax as you deserve. Our Reverse Mortgage may be a solution for you. Read the following easy steps to a more secure retirement!
- Homeowners 62 Years of Age or older
- NO Income Qualifications
- NO Credit Qualifications
- Closing Costs are Included in Loan
- Borrower Retains Ownership of Home
- NO Monthly Payment Required
How a Reverse Mortgage Works
A reverse mortgage is a loan that allows seniors to use the equity they’ve accumulated in their homes over the years to improve their quality of life and knock down the financial barriers to independent living. By converting equity into income, a reverse mortgage is a way to stay in your home and receive a check every month to use for day to day living expenses, home remodeling or repair, paying off existing debt, or traveling the world. Best of all you remain living in your home.
How Can I Apply?
- Applications Available at any New Carlisle Federal Office
- Easy paperwork assisted by a New Carlisle Federal Representative