Cash Account Advantage Plan

For Borrowers with higher home values, the Cash Account Advantage allows you to tap into more of your home's equity. This product provides a higher available loan amount with competitive interest rates offered to the borrower. This way, you may receive substantially more cash than is possible with other reverse mortgages.

Cash Account Advantage allows the borrower to maximize the benefits depending upon their unique needs. Best of all, you can decide how you want to receive your reverse mortgage funds! It can be taken as a lump sum up front, placed into a line of credit, or a combination of the two. Your Financial Freedom Reverse Mortgage Specialist can explain all the details and help you determine which option is best for you.

Available for the Cash Account Advantage is the Equity Choice Feature, allowing borrowers to preserve a portion of their home's equity for themselves or their heirs. The amount of the loan or line of credit will then be based upon the percentage of the home pledged for the loan.Borrowers may choose to protect a minimum of 10% up to a maximum of 50% of their home equity. This permits greater flexibility assuring a percentage of equity remains to benefit the borrower or the borrower's heirs upon loan maturity.