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Reverse Mortgage Loans

Reverse Mortgage Loans

Reverse Mortgages

Reverse Mortgage Experts!

Say Goodbye to Mortgage Payments, Get Cash Now!

A reverse mortgage, also referred to as a reverse annuity mortgage, or a home equity conversion mortgage (HECM), is a special case for individuals 62 years of age or older. A reverse mortgage is a way for homeowners to tap into the equity of their home to obtain cash for living expenses or other uses. With a reverse mortgage, cash is distributed tax free as a lump sum payment and/or a monthly payment.

Unlike the other home equity loans described in this article, with a reverse mortgage, the borrower does not have to pay anything back until the loan comes due. With a reverse mortgage the loan typically comes due and must be paid back with the death of the borrowers, or the sale of the home.

Basic Info About Reverse Mortgages

  • Easily Convert Your Home Equity into Cash
  • Proceeds May Be Used For Anything!
  • Paid as Monthly Installment or Lump Sum
  • No Required Monthly Mortgage Payments
  • No Income or Credit Approvals Required
  • Home Owner Must Be 62 or Older
  • Property must be Owner-Occupied
  • Can Be Used to Purchase a New Primary Residence
  • Fixed Rate & Zero Servicing Fee Options Available
  • Government Insured - Tax Free Cash Flow
  • We are A+ Rated with the Better Business Bureau

Related Content

Reverse Mortgage Calculator
Reverse Mortgage Calculator

This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.

Obtaining Equity from Your Home
Obtaining Equity from Your Home
Tapping into the equity in a home to obtain cash is very popular and very common.

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