A reverse mortgage can be a key component of a well-balanced retirement plan, providing retirees with extra cash to live a more fulfilling and secure life. With built-in government safeguards, it's also a financial tool you can use with confidence. WSFS can show you how.
The basic premise of a reverse mortgage is that you can take the equity you've built up in your home over the years and convert it into tax-free cash* for your needs today. How much money you're eligible for depends on a number of factors, including your home's value, your age and the specific plan you choose.
- Eliminate existing mortgage payments
- Fund home improvements or repairs
- Pay off existing credit card or other debt
- Cover prescription costs and other medical expenses
- Create a cushion against unexpected expenses
*Consult your tax advisor.
For more information on a reverse mortgage from WSFS Bank, please contact WSFS Mortgage Loan Officer Henri Belcher-Stack, NMLS #732585, through the form below. Or, if you prefer, feel free to call at 302-346-2948.
Your message has been successfully submitted. One of our representatives will contact you shortly regarding your inquiry.
There has been an unexpected error while submitting your request.
Please try again later.