Reverse Mortgages Explained

Plain and simple, a Reverse Mortgage is a unique mortgage loan against your house. A Reverse Mortgage allows seniors, age 62 years and older, to borrow from the equity in their home, but make no loan payments until they sell their home or permanently leave their residence. This mortgage program was designed and is insured by the Federal Government to assist and protect seniors and allow them to maintain their financial independence.

The amount of money you can borrow depends upon the value in your home, the equity in your home, your age and also county in which you live. It is a HUD approved product, and it is very safe.

The proceeds can be used in any manner you choose:

• Supplement monthly income
• Pay off existing mortgages and debts Make home repairs
• Pay for medical bills or in-home assistance
• You retain full ownership in your home, and are free to live in the home for as long as you like. The loan is not paid back until you vacate the home. If you sell your house and move, the loan is paid off from the proceeds of the sale. If you pass away, your heirs can either convert the Reverse Mortgage into a conventional loan and keep living in the home, or sell the home, pay off the Reverse Mortgage, and keep any remaining proceeds.

Call us at (877) 944-9004
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... and find out how much money you may qualify for today!