With an Eastern Bank Reverse Mortgage, homeowners age 62 and older1 who own their home can take advantage of these benefits:
• Easy application process.
• The flexibility to receive payments the way you want. You can receive your funds in a lump sum, as monthly payments, as a line of credit or as a combination of these.2
• No monthly principal and interest payments as long as you live in the home and taxes and insurance are paid and the property maintained.
• Experienced professionals. Our Reverse Mortgage Specialists can help design a program to meet your needs. Locate an Eastern Bank Reverse Mortgage Specialist near you.
• Learn more about reverse mortgages.