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 Lou Ventura, NMLS #1071028, through the form below. Or, if you prefer, feel free to call at (610) 952-1448.
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