You can convert some of your hard earned equity into tax-free money.
Because there are different reasons for wanting a reverse mortgage, there are different methods of receiving money from one. McGowin & King will review these differences with you.
Or use a reverse mortgage to purchase a home if you are looking to downsize or move closer to your family.
If you would like to hear how safe and easy it is to use your equity as a financial safety net, please call us today at 1-866-879-7775 for a free, no obligation consultation. McGowin & King is the oldest and most respected provider of reverse mortgages in the State of Alabama.
• NO monthly payments ever needed
• NO change of ownership of your home
• NO income or credit qualifying
• NO financial worries
Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the proceeds do not interfere with Social Security or Medicare benefits. You cannot outlive your loan nor can you be forced to sell your home.
Why McGowin & King?
McGowin & King has been in the reverse mortgage business longer than anyone in Alabama. McGowin & King is an independent mortgage broker. This is an advantage to our clients because we are not tied to any single lender - we are an approved correspondent for 5 different lenders, each having slightly different programs to choose from.
If you have any questions or would like more information regarding Reverse Mortgages, please call us at 205-879-7775, option 1 or click one of the links below:
Qualifications and eligibility
How to use a Reverse Mortgage to PURCHASE a new home
Frequently Asked Questions about a Reverse Mortgage
Reverse Mortgages
