Entrust Federal Credit Union’s Reverse Mortgage comes as a unique loan option that allows the senior homeowners over 62 years old to get tax-free money against their home equity. Plus, the y do not need to give up the title to the home or sell the home.
There are also a wide variety of payment options offered. The seniors can choose to get the money by monthly annuity, a single lump sum payment or a line of credit.
The credit union’s First Mortgages are designed for the members who plan to buy the first home or purchase a retirement home. And Home Equity Loans allow the members to use their home equity to make purchases of new vehicle or finance their child’s education.
Founded in 1970, Entrust Federal Credit Union is a member-owned, full-service financial cooperative with more than $55 million in assets and over 9,000 members today.
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1801 Dabney Road, Richmond, VA 23230, 804-353-8012