February 7, 2023

Reverse mortgage can help solve divorce questions

While divorce rates have been falling nationwide, one demographic has been bucking the trend.

Divorce or divorce amongst those 65 and older has increased threefold the past 20 years.

Silver divorce presents special challenges including, but not limited to, emotional upset, retirement disruption, and equitable division of assets. Additionally, divorcing seniors must decide if one or both parties will vacate the home.

We have solutions!* Bay Equity’s reverse mortgage options can use available home equity to settle the estate or allow one or both of the parties to buy a new primary residence - without the need to make monthly mortgage payments. Call today for details.

*This material is not from HUD or the FHA, and this document is not approved by HUD or by the FHA or any other Federal Agency. Not available in all states. Contact your loan officer for more information.