Offices & ATMs About Us Contact Us Online Banking Login Search
Personal BankingBusiness Banking
Reverse Mortgages

How You Can Use the Money

How You Can Use the Money

A Reverse Mortgage allows you to comfortably live in your own home and handle unexpected expenses without another loan or needing to depend on others.
  • Pay the costs of rising medical expenses including prescription drugs
  • Achieve a steady income
  • Eliminate debt including your current mortgage
  • Make home improvements and repairs
  • In-home care
  • Financial/estate tax planning
  • Help family with tuition costs or to purchase a home
  • Enhance your lifestyle

The homeowner chooses how they would like to receive their money from the equity in their home:

  • Receive a lump sum
  • Receive monthly payments for as long as they live in their home or for a fixed period of time (e.g.monthly payments for two years)
  • Establish a line of credit to access funds as needed
  • A combination of the above
Print Page
Contact Us

Contact Us Today:
PA: 1-800-344-5626
OH: 1-800-820-6051

Dollar Bank representatives are available Monday through Friday from 8:30 AM to 4:30 PM.

Access Your Account:

Privacy / Legal Equal Housing Lender. Member FDIC. Copyright © 2010 Dollar Bank, Federal Savings Bank. All rights reserved.
Office Locations throughout Pittsburgh and southwestern Pennsylvania, Cleveland and northeastern Ohio.