Reverse Mortgage Loan
A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older.
A Reverse Mortgage can help you receive a lump sum payment along with monthly income to help you live a better lifestyle and help with monthly commitments. Please contact us and setup a free consultation so that we can show you what benefits you can receive with a reverse mortgage.
homeowners - 62 years or older
Line of Credit option provides a “safety net” for the unexpected
Monthly mortgage payment is not required (1)
Lifetime Monthly Income is an option
Who may apply for this program?
A reverse mortgage is a loan type that is available to homeowners who are 62 years or older. It allows them to convert the equity in their home into one of the following or a combination of the three: -A lump sum payment - Monthly income - Line of credit. The product helps people that want to tap into the equity in their homes and use the money as they want to use it. This loan is called a reverse mortgage because it is the opposite of a traditional mortgage. Instead of making monthly payments to a lender, the lender makes payments to you as the borrower. You are not required to pay back the loan until the home is sold. As long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your property taxes, homeowners association dues and insurance.
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Our happy Clients
"I wanted to let you know how impressed I was with the job everyone did at your company. I have refinanced several times in the past and usually pick the company that has the lowest rates. Of course I did the same when I chose your company. However, this time I received great service to go with the low rate."
"I just wanted to thank you for constantly following up with me. The last time I refinanced it seemed as if I always had to follow up with the mortgage company. Thanks for staying on top of everything and keeping things moving forward."
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