When using a reverse mortgage to free up the equity in your home you may use the proceeds anyway you chose. Many seniors 62 or older use the money they receive to travel, pay off high interest credit accounts, help family members or do necessary repairs. The choices are yours and you still own your home. If you want more information Bank of England Tennessee can be reached at 865-429-2797 ask for Debbie Scarantino.
Debbie Scarantino with Bank of England Mortgage Tennessee is a credit counselor. If you have further questions about how you might secure a home loan please feel free to use this form to ask your questions and we will be happy to get back in touch with you.