Reverse Mortgages

A reverse mortgage is a loan against the equity in your home. The deed to the home remains in your name. Your reverse mortgage cannot be foreclosed by the lender! As a homeowner, you continue to pay property taxes and hazard insurance and maintain your home. You, the borrower, are also required to inform the lender, The Reverse Mortgage Center, LLC, if you plan an extended absence from your home.

If you are a minimum of 62-years of age and are a homeowner or FHA-approved condominium owner (certain restrictions apply), you are eligible for a 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.