*Click on the program above to see more details.*
Reverse Mortgage
A Reverse Mortgage is a specialty home loan backed by the federal government and offered to seniors, 62 years and older. Often, during retirement years, a home can become your largest asset and your largest expense. Unlike a traditional mortgage where the loan is repaid in monthly installments a Reverse Mortgage is repaid when the home is sold… NO monthly payment is required! The Reverse aspect comes from the fact that instead of you paying for your home, your home pays you.
You should consider a Reverse Mortgage when you…
Are 62 years or older
Have equity in your home
Want to stay in your home
Want to minimize monthly payments while maximizing monthly cash-flow
Reverse Mortgage Advantages
NO Monthly Payments Required
NO Income Requirements
NO Credit Requirements
Certified Education is Required
Borrowers may receive up-front cash, a credit line, payments for a fixed period of time or payments for life.
Reverse Mortgage Disadvantages
Must be 62 years or older
Primary residence only
Contact Us Today to learn more about Fixed Rate Mortgages.
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