Guild Mortgage's new Flex Payment Mortgage suite offers aging homeowners ways to access their home equity without selling, impacting benefits, or requiring credit scores.
With the Flex Payment Mortgage, homeowners aged 62 and older can supplement living expenses, renovate, or stay in their homes, tapping into long-built equity seamlessly.
Unlike traditional loans, the Flex Payment Mortgage bases approval on home value, not a borrower’s credit score or income, simplifying access to funds for seniors.
HECM loan proceeds of the Flex Payment Mortgage are not counted as income for tax purposes, allowing seniors to draw funds without losing benefits.
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