Home Equity Retirement Income Loan


 
 

Call 800.942.6269

Add to your retirement income

"Things changed and my income isn't what I planned."


To find out how much you can add to your income...

Email us the following information

1) Age

2) Home Value

3) Outstanding Mortgage

Introducing a retirement solution for the changing needs of today’s retirees! With market fluctuations, increased healthcare needs or the loss of a spouse; maybe your income isn’t what you planned it would be in your retirement. Amboy can help.

If adding to your income is your goal and you’re 62 or older, you may be interested in Amboy’s Home Equity Retirement Income Loan. You use the equity in your home to receive monthly income payments. Plus, with this loan you can pay off your existing mortgage, leaving you with extra cash for your monthly needs.

Unlike other home equity loans, there are no monthly payments (unless you wish) until you decide to leave your home.  That’s just another flexible feature of this unique loan from Amboy Bank.

Below are a few examples of how much money you could add to your monthly income. If you want to learn more and receive a no obligation FREE custom income report, give us a call at 800.94.AMBOY. 

Age:
80
72
68
Home Value: 
$300,000
$300,000
$300,000 

Receive monthly cash for 10 years
$1,279
$1,203
$1,055
Receive monthly cash for as long as you live in your home
$1,199
$1,004
$854

Plus, no monthly payments, until you decide to leave your home.
(example as of June 2012)
 

To qualify you must first pay off your current mortgage(s). However, you can use the Home Equity Retirement Income Loan to pay off your mortgage. Plus, by paying off your existing mortgage you get rid of monthly payments, leaving you with extra cash.

Talk to us today ...

An Amboy Banker is ready to take the time to talk with you to see if an Amboy Home Equity Retirement Income Loan is right for you.

Call 800.942.6269Equal Housing Lender Logo