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1 (888) 790-0292 Updated March 10, 2010 |
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Reverse Mortgages
What is a Reverse Mortgage?
A reverse mortgage is a loan against the equity in your home. The deed to the home remains in your name, this is a very important to remember. There is no income and no credit requirements with a reverse mortgage. All you need is equity in your property. As a homeowner, you continue to pay property taxes and hazard insurance and maintain your home as you normally would. FHA HECM (Home Equity Conversion Mortgages) reverse mortgages are a financial tool and one that can allow you to stay in your home in your golden years. Everyone can use addtional income for all the expenses that come day to day, now is the time to allow your home to work for you! Please fill out the form below and one of our reverse mortgage lenders will contact you to see how you can benefit from a reverse mortgage.
If you are a minimum of 62-years of age and are a homeowner you are eligible for a FHA HECM reverse mortgage. Even homeowners who have put his/her home in a living trust usually can qualify for a reverse mortgage. Neither income nor credit ratings apply since you make no monetary payment on the home.
Is A Reverse Mortgage Right For You?Please click on the links below to see our video series on reverse mortgages (this will take you to an external page on YouTube.com). Please subscribe to the channel and you will be notified as more webisodes become available, our goal is to provide information and news regarding FHA and the reverse mortgage program. Reverse Mortgage CalculatorCopyright Reverse Mortgage GuidesYou can call The Reverse Mortgage Learning Center* at 888-669-6498. |
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Benefits of a Reverse Mortgage |
The Tax Exemption
Income received from your Reverse Mortgage is usually tax-exempt (consult your tax advisor) and does not affect regular Social Security or Medicare benefits, but may affect eligibility for other types of government assistance. |
Government Insurance Reverse Mortgages are insured by the Federal Housing Authority (FHA) or backed by Fannie Mae. This means your financial security is safe and backed by the largest institution in the world. |
| No Payments Required Reverse Mortgages are insured by the Federal Housing Authority (FHA) or backed by Fannie Mae. This means your financial security is safe and backed by the largest institution in the world. |
Payoff existing Mortgage
You can use the proceeds to pay off an existing mortgage and eliminate your monthly mortgage payments. This means that you can become financially free sooner and enjoy your retirement for what it should be. For You. |
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Whether you are just looking for a quote or you are ready to get started now, our lending experts are standing by to assist you. |  |
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