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Reverse Mortgages

Reverse mortgages are loans for older homeowners that allow them to convert home equity into cash.

If you are 62 or older, a reverse mortgage lets you hold the title and keep living in your home, while collecting payments generated from a loan secured by the home’s equity. Opt for a lump sum payment, or take monthly cash advances during the life of the loan. Because the money is paid as a loan, it’s not considered taxable income and won’t affect Social Security or Medicare benefits.

For more information on reverse mortgages click the link below.


Joe Bydzovsky, Branch Manager NMLS #270628
Marketplace Home Mortgage, LLC.
610 Main St N, Ste 100, Stillwater, MN  55082
Cell:  (651) 303-8765
Office:  (651) 439-4941
Fax:  (651) 439-4918
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