WHY A LIFESTYLE MORTGAGE?
Ovation Homes recognizes the changing financial needs for seniors, age 62 and older, entering into retirement years. Lifestyle Mortgages, also known as a reverse mortgage, can provide financial options for home owners who have equity in their primary residence. You can create a retirement lifestyle by using your Ovation Home as collateral and drawing against your home equity for life.
Features of a Lifestyle Mortgage:
- No monthly mortgage payments – EVER
- Additional cash for leisure or travel
- Receive lump sum or stable monthly income
- Supplement Social Security payments
- Pay off unexpected medical expenses
- NEVER repay the loan
Lifestyle Mortgages allow you to enjoy the comfort of premier one-level living, while maintaining a comfortable retirement lifestyle. For more information please call, 801-444-3639.