Reverse Mortgages

Are you retired or preparing to retire when you’re 62 or older? Well, if your answer is yes, make sure you make the most out of your retirement years! At County Bank, we can help you make your retirement years both fun and rewarding for you and your family!

Would you like to purchase a vacation home? How about assisting your grandchildren with college? Maybe you would like to help your favorite charity or church? Is it finally time to take that trip you’ve always dreamed of, or would you simply like to have a line of credit, which you can access anytime?

Reverse Mortgages are an excellent resource for homeowners 62 and older to access the equity in their primary residence without having to make required monthly mortgage payments so you can enjoy your retirement years to their fullest. There are no restrictions on how you can use the loan proceeds from your Reverse Mortgage and the payments you receive are tax-free.* Subject to credit approval.

*Seniors are encouraged to speak to their tax advisors.

To find out how you can benefit from a Reverse Mortgage, ask yourself a few simple questions:

1. Is my mortgage fully paid or almost paid?
2. Do I have a substantial amount of equity in my home?
3. Could my family and I benefit from extra income each month?

If your answers are yes, then it’s probably worth exploring the benefits of a reverse mortgage.

Please feel free to visit any of our branches and we will provide you with all of the information you need on this product and many others - all at County Bank.