Lake Community Bank is excited to offer Reverse Mortgages as a financial tool for seniors. Reverse Mortgages make it safe and easy for seniors to use their home equity to supplement their retirement income. Reverse mortgages eliminate mortgage payments forever.
A reverse mortgage is like a nest egg waiting for you to use! Let Lake Community Bank show you how applying for a Reverse Mortgage can be a benefit:
- Payoff existing mortgages, debts, and for any reason
- Use tax free money* for any purpose
- Gain access to equity currently inaccessible
- Protect financial assets - use for health insurance, property taxes, etc.
- Reduce stress created by money pressures
- No equity sharing with the lender - title remains with the estate
- Easy qualifying - 62 or older and homeowner in title
There are a variety of reverse mortgage programs and options that can help all Minnesota seniors. From modestly priced homes to the luxurious, we will help you define which program best suits your needs.
Contact the Home Mortgage division of Lake Community Bank for more information and informational brochures. (We also offer educational seminar programs for any group.)
*See your tax advisor for applicability.
Click here to e-mail a request for more information.
Please do not include any private information in your email such as account numbers, social security numbers, or pin numbers. Please call or stop in if you need to speak to a Personal Banker.