There are different options when it comes to choosing your reverse mortgage. Futura Financial Inc. has the ability to offer you assistance with both fixed rate mortgages and ARM mortgages. Come in and discuss what your ideas and wishes are, and our friendly team will do everything we can to match you with the right option.
If you are looking to pay off your mortgage, then a fixed rate with a lump sum payment is going to be the best choice. The entire amount will be withdrawn right away. Then you will see interest begin.
This will guarantee you a monthly check or a line of credit you wish to receive. If you are looking for extra spending money each week because you are struggling with what you have available, an adjustable rate mortgage is going to be the better fit. Regardless of which option you choose, our experts with over 34 years of experience are here to help.