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Genworth Financial Home Equity Access (Reverse Mortgages)

59 Rainbow Rd
East Granby, CT 06026-9763
(860) 325-0223
Fax: (866) 838-0742
Services Offered:
Real Estate, Financial
Genworth Financial Home Equity Access (Reverse Mortgages) serves NY, MA, PA, CT, RI and more...
  • General Information
  • General Information
  • Description
    About My Business
    Making the most of your retirement.
    You’ve worked hard all your life. Now it’s time for all the love and money you’ve invested into your home to start paying you back. Many senior homeowners are taking advantage of a reverse mortgage to supplement their retirement. It's not only flexible; it also offers security and predictability in today's challenging economy. A reverse mortgage may be the ideal solution for you.

    What is a Reverse Mortgage?

    A Reverse Mortgage is a loan that allows senior homeowners age 62 and older to access a portion of their home equity and convert it into tax-free retirement income.
    About My Services
    Is A Reverse Mortgage Right for Me?

    It’s important to do your research and discuss your options with family members. In doing so, you may decide a Reverse Mortgage isn’t quite right for you. Here are some reasons why a Reverse Mortgage may not fit your needs:

    You don’t intend to stay in your home for more than a few years
    You plan on leaving your home to your heirs, and they will not or cannot pay back the loan with other funds or financing

    Alternatives to Consider
    Mortgage refinancing: Refinancing your existing mortgage may lower your monthly payments. It may allow you to pay off your mortgage faster and receive cash out of the equity in your property.

    Home equity loan or line of credit: These products borrow against the value of your home. A loan is distributed and you will receive a lump sum or a line of credit to be drawn upon as needed.

    Personal loan: Personal loans typically have higher interest rates than other types of financing options. They also may be unsecured, meaning no collateral is required.

    However, unlike Reverse Mortgages, the above options generally have income and credit score requirements. And all three options must be paid back in monthly payments within a specified time period.

    With Genworth Home Equity Access Inc. your Reverse Mortgage Advisor is committed to objectively helping you find the right solutions that best fit your needs. To learn more, schedule a consultation today. Call us at 860.325.0223.
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