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Reverse Mortgage

Some extra cash can enhance the glow of your golden years.

For many people, saving for retirement is a decades-long effort. Still, it's not easy to set aside enough to live comfortably. One way older adults can get additional cash is to borrow against their home's value. With a reverse mortgage, you can get your money all at once, or choose a line of credit you can tap into whenever you need to pay the bills - or spoil the grandkids.

  • Homeowners age 62 and older are eligible
  • No principal and interest payments while borrowers live in home
  • Borrower retains 100% title to property
  • Loan is repaid from eventual proceeds of home sale
  • Choose either a lump sum or credit line
  • Money is not taxable and does not affect Medicare or Social Security benefits
Power Financial Credit Union serves members across South Florida with 8 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.