Testimonials

"Thank you for getting my clients loan funded. They were both extremely happy with your staffs personal touch and attention to detail. That really means a lot in this business."

- Sheila B
Real Estate Broker

* * * * *

More Testimonials

 

 

 

Search in Your Area

Search Mortgage Lenders

Search Mortgage Rates

 
 

Waiting for the Right Rate?

Get mortgage rates delivered to your inbox.
No Spam Guaranteed

 

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.

Get a Fast, Free, No Obligation Mortgage Rate Quote

?
Purchase Price
?
Loan Amount
?
?
?
Get Rates  

256-bit secure data connection. We value your security. Read our privacy policy.

 

 

Over $1.5 Billion Funded

BBB Rating A Secured
 

 

 

Mortgage Rates by State

Please select your state to view our lowest available Current Mortgage Rates.

 
 

Ask a Question

Leave this field empty
 
 

Join CraterTeam.com

Are you a Real Estate professional or Lender? Get yourself listed on CraterTeam.com for FREE.

Join Now
 
 

We Care

We Support Charities A portion of all proceeds earned by CraterTeam.com will be donated to charitable organizations.

View List of Charities Supported

 
Private and SecureBBBBBB A+ RatingEqual Housing OpportunityCMPSFHA