If you’re age 62 or older and have equity in your home, you may be able to take advantage of a Reverse Mortgage at Eastern Bank. Designed to help you finance rising expenses, a Reverse Mortgage lets you turn your home’s equity into cash payments and offers –

• A reliable source of non-taxable income that requires no monthly payments ¹
  
  
• The flexibility to receive funds either in a lump sum, monthly income, or as a credit line.
  
  
• The opportunity to retain the title to your home as long as you continue to live in it.
  
  
• No repayment requirement until your house is sold or no longer your primary residence. ²
  
  
• No income or health requirements to qualify. 

And you’ll never owe more than the value of your home at repayment. ³

To learn more, contact an Eastern Mortgage Loan Officer:

¹ Certain restrictions apply. If you receive Social Security, Medicare benefits consult appropriate government agencies to determine how a reverse mortgage could impact your benefits. Additionally, consult your tax advisor.

² Primary residence is based on title and occupancy requirements of the program. You should consult with your own legal counsel and approved counseling agency to determine if a reverse mortgage is suitable to you.

³ The value of your home is based on market value determined by the lender at maturity.