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Reverse Mortgages
If you are a senior homeowner who wants more financial security and flexibility, HomeStreet Bank can help. A HomeStreet Bank Reverse Mortgage can make it possible to increase your cash flow, remodel your home or even take a much-needed vacation – all without making monthly payments.
Most reverse mortgages are FHA insured and they are a great way for you to achieve the financial security you need simply by using the available equity in your home. You can receive reverse mortgage proceeds in monthly payments, in a lump sum or as a line of credit that you can draw on as needed. Plus, the proceeds you receive are tax-free and are not repaid as long as you live in the house.
To qualify for a reverse mortgage, you must:
- Be at least 62 years old
- Occupy the home as a primary residence
- Have sufficient equity in your home
Click to open the request for information form.
Please feel free to contact one of our Reverse Mortgage Specialists to find out how we can help make a more comfortable life possible for you and your family.
Washington
Oregon
Hawaii
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