First Bristol Federal Credit Union offers reverse mortgages to help its senior members to increase cash flow. And there are also different types of Reverse Mortgages designed to fit different financial needs. For example, HECM is a federal government insured type of mortgages.
And the mortgage is only available for homeowners over 62. There is no requirement of credit or income qualifications. It means that the borrower will get a tax-free monthly income against his home equity.
Founded in 1935, First Bristol Federal Credit Union is a full-service, non-profit financial cooperative with over 8,700 members and more than $72 million in assets.
- Website: http://www.firstbristolfcu.org
- Tel: 860-584-0956, 800-692-8328
- E-mail: firstname.lastname@example.org
25 North Street, Bristol, CT 06010
902 Stafford Avenue, Bristol, CT 06010