Arizona Reverse Mortgage – Stay Cool in Your Retirement
With its warm climate and vibrant communities, Arizona is a prime spot to enjoy retirement. A reverse mortgage from Money Well Lending can give you the financial cushion you need while allowing you to remain in your Phoenix, Tucson, or Scottsdale home.
Arizona Homeowner FAQs:
- “Am I protected if my home decreases in value?” Reverse mortgages are generally non-recourse, meaning you or your heirs won’t be required to pay more than the property’s value at payoff.
- “Is there a minimum equity requirement?” You need sufficient equity, often 50% or more. We’ll evaluate your existing mortgage and current home value.
- “How does inheritance work in Arizona?” Your heirs can repay the loan and keep the home, or sell it if they prefer. Any remaining equity remains theirs.
Whether you’re aiming to cover medical bills or enjoy the sunshine, an Arizona reverse mortgage can help you retire on your terms without monthly mortgage payments.
Contact Money Well Lending to learn how a reverse mortgage might be the key to a more secure retirement in Arizona.