When considering a reverse mortgage, a borrower has several options from which to choose, all of which are subject to the Initial Disbursement Limit:
Tenure plan - the borrower with receive equal monthly payments from the lender for as long as they occupy the home as a principal residence.
VIP Mortgage has Certified Reverse Mortgage Professionals (CRMP), specializing in helping older borrowers convert a portion of the equity in their home into cash flow. Call Michael Thomas today at 602-791-0249 to learn more.