 Local Shared Branches
2008-2009 Grossmont Schools Federal Credit Union Board of Directors:
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Make the Most of your Retirement . . .
with a Reverse Mortgage!
Looking to make the most of the equity you've built up in your home? Today, there are more homeownership options for retired individuals and couples than ever before. Whether you're looking to pay off bills, or would just like additional income to enjoy your retirement, a reverse mortgage* may be the answer for you!
A reverse mortgage allows you to borrow against the equity you've established without repaying the loan for as long as you live there. Instead of making monthly payments, you can choose to receive them! That's the "reverse" part. The money you get from a reverse mortgage is yours to use in any way you choose, giving you freedom and flexibility!
- Pay off existing debts (including your current mortgage);
- Make home repairs and improvements;
- Pay for healthcare, insurance premiums or in-home care expenses;
- Supplement your retirement income - from daily living to travel and simply enhancing your retirement years!
Grossmont Schools FCU has teamed up with Rancho Financial to bring this in-demand product to you - our members. Our specially trained and highly qualiffed mortgage consultant - Denine Fadell - will take you through the process from start to finish, with quality service and representation you would expect to receive from GSFCU. For more information, give us a call, stop by the branch or you may contact Denine Fadell directly at 888-538-4923.
* Known as Home Equity Conversion Mortgages (HECM), these loans are federally insured by the U.S. Department of Housing and Urban Development (HUD) and administered by the Federal Housing Administration (FHA).
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