What We Lend For

Yes. If you initially set up a cash reserve or line of credit, you can withdraw additional funds later without needing to reapply. Even with a lump sum start, you can typically request another advance within your equity limits. As you age, the percentage of your home’s value that you can borrow may increase, allowing you to access more funds. Many people take what they need now and leave room for future expenses.

You can use a Kindred Home Equity loan for almost anything in retirement. Common uses include:

· Home renovations or repairs

· Daily living expenses and bills

· Medical expenses or in-home care

· Debt consolidation

· Travel or leisure activities

· Helping family members

It’s your money to spend on what matters most. We’ll discuss your goals to ensure a reverse mortgage suits your situation, but you decide how to use the funds.

You have flexibility in accessing your funds. Options include:

· A lump sum for immediate needs

· A line of credit reserved to draw from later

· Monthly payments to supplement income

· Any combination that works for you

Money you haven’t withdrawn won’t accrue interest until you use it. We’ll tailor the reverse mortgage to match your needs.