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Reverse Mortgages

Reverse Mortgages

If you are at least 62 years old and could benefit from extra cash to supplement your existing income, cover medical expenses, pay off your existing mortgage and other debts or just enjoy life a bit more, a Bank of Canton Reverse Mortgage may be right for you.

Unlike a traditional mortgage there is no monthly payment and your ability to qualify is based on the value of your property, your age, and the county the property is located in. There is no consideration given to income, credit history or available cash.

Powerful Benefits

With a custom-designed Bank of Canton Reverse Mortgage, you can benefit from:

  • Easy access to the equity in your home
  • Increased tax-free* monthly income
  • No monthly traditional mortgage payments to make
  • Living in and retaining the ownership of your home

Want to Know More?

*Consult your financial advisor.

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Personal Statement Savings
0.25% APY*
3 Year Certificate of Deposit
1.16% APY**

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