Fixed Rate Reverse Mortgage

Lock in a Great Rate- Use Now or Later!

With our Fixed Rate Reverse Mortgage, you get all the funds at closing to pay off an existing mortgage or other debt, plus cash that you can use for any purchases. You lock in a fixed rate and you don't pay it back until you leave your home. Eliminate monthly payments and free up more cash! A great option for those who own their home and are 62 years of age or older. 

A Fixed Rate Reverse Mortage transforms the equity in your home into cash - so instead of making monthly payments, you can receive them (that's the "reverse" part) tax-free and fine-print-free. And, you stay in your home as long as you like.

Compare our lower closing costs and options and you will see why Amboy's Fixed Rate Reverse Mortgage is "Simply Better."

You're in Control
Set up a line of credit up to $50,000 and use as you need it. Have cash available while preserving your savings.
No Mortgage Payments Required
You make payments if and when you want, or wait until you leave your home.
Lower Costs
Save money on upfront costs compared to other programs. Any upfront costs can be financed as part of the loan.
Couple on couch considering In-Retirement Loans

Not Sure Which In-Retirement Loan is Right for You?

Amboy Bank offers a variety of In-Retirement Home Equity Loans, and we know it can be difficult to sort out all the details. Learn more below, or contact us and let our experts guide you!