A reverse mortgage is a loan that uses the equity in your home as collateral. The loan does not need to be repaid until your circumstances change, such as you sell your home, are no longer living there as your primary residence, or you pass away. Clients who use a reverse mortgage must meet all mortgage obligations, including but not limited to:
Occupy the home as your primary residence
Pay the property taxes, homeowners insurance, and if applicable, homewowners dues
Maintain your home in good woking condition
Why a Reverse Mortgage?
Reverse Mortgages have helped hundreds of thousands of seniors across the county convert their home equity into loan proceeds to supplement their retirement, pay living or health care expenses, pay off bills, repair their home, and more. Government insured* reverse mortgages are available to qualifying individuals aged 62 years and older who own their own home and live in the home as their primary residence.
* A Home Equity Conversion Mortgage (HECM) loan is a loan made or originated by a private lender. The Federal Housing Administration (FHA) insures a lender's HECM loan against certain losses, but it is still the lender's loan and not an FHA or government loan.
The Benefits of a Reverse Mortgage
Eliminate Monthly Expenses
Achieve Financial Freedom
Unlock the Equity you have Earned
The Reverse Mortgage Loan Process
Here’s how our Reverse Mortgage process works:
Complete our simple Reverse Mortgage Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs
Full or Partial Lump Sum
Line of Credit
Combination of Any of These
You have the option to change your disbursement method at any time.
TALK TO A LOAN CONSULTANT TODAY!
This material is not from HUD or FHA and has not been approved by HUD or a government agency.
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