Cash Account Advantage Plan

Shoreline Lending’s proprietary Cash Advantage Plan reverse mortgages have been designed especially for seniors with substantial home equity or higher-valued homes. No other reverse mortgage lender offers a jumbo loan product comparable to the Cash Advantage Plan and its options.

Shoreline Lending’s Cash Advantage Plan reverse mortgages have virtually no limit on home value or the amount of the loan. As a result, the amount of money available to the homeowner may be substantially greater with a Cash Advantage Plan reverse mortgage than with other options.

Cash Advantage Plan features a number of options that allow you to maximize the benefits depending on your unique needs, including eliminating upfront fees and closing costs. A servicing fee is automatically financed on the account each month.

In addition, there is no equity or appreciation sharing and no maturity fee.

Available for all Cash Advantage Options, Equity Choice Feature allows the borrower to limit the loan obligation to a stated percentage of the full market value of the home resulting in the amount of the loan or line of credit being less than the amount for which the borrower otherwise qualifies. Borrowers may choose to protect a minimum of 10% up to a maximum of 50% of their home equity. This permits greater flexibility assuring a percentage of equity remaining to benefit the borrower or heirs upon loan maturity.

For more information, see our faq section on the Cash Account Advantage Plan here.