Reverse Mortgage


All that attention you paid to your home can now pay off for you.

Headed into retirement? Give yourself some added income.

It's likely that you've spent years paying down the mortgage on your home. Now all that equity you've built up can come back to you in the form of a competitively priced loan. The best news is that you'll continue to own your home, you can use the money for whatever you want, and there are no repayments required until you no longer use your home as your principal residence.

  • Steady source of tax-free Income
  • Receive money in a lump sum or monthly payments
  • Use funds for home repair or tax payments
  • Pay for health-care costs
  • Cover daily and monthly expenses
All lending products are subject to credit and property approval. This is not a commitment to make a mortgage loan. Products are not available in all states. Certain conditions and restrictions apply. Refinancing to reduce total monthly payments may lengthen repayment term or increase total interest expense compared with your current situation.

Consult your Social Security, Medicare, tax or other financial advisor to determine how reverse mortgage payments may affect your particular situation. You must also continue to occupy your home as your primary residence and keep it in good repair, with all taxes and insurance premiums up to date.  Subject to the terms of your mortgage.

Berkshire Bank NMLS 506896.  All rights reserved. 

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