Reverse Mortgages

Right for you or not? Answers below:

A new age has dawned for Reverse Mortgages like the FHA HECM (FHA Home Equity Conversion Mortgage). They are now very favorable for home owners and are strictly regulated and FHA insured to protect you. Like with all govenment loans, there are guidelines to consider, but if you fit, you could get rid of your existing mortgage loan and have zero mortgage payments, or get an equity line to take out the funds as you need them, or get a large lump sum amount up front, or set up monthly payments to yourself  to supplement your income and never pay them back.

The money you get is is not taxable and will not interfere with your Social Security or Medicare benefits.  Your lender cannot take the property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value. Repayment is not necessary until you sell the property, move into a retirement community or pass away. You or the youngest owner occupant on title will need to be 62 years of age or older, you will need to have considerable equity in your home. you will get thorough counselling to be sure you understand how a Reverse Mortgage works and how it will affect your overall financial picture, and there is a good amount of paperwork and an u-front appraisal required. But the results are well worth it if you qualify.

So go ahead and watch the videos, they will tell you more about the FHA Reverse Mortgage program. Then check out how much you might qualify for in the calculator below, send us the pre-qualification form or call us to set the wheels in motion to lighten your financial load.

REVERSE MORTGAGES "IN A NUTSHELL"  SEGMENT 1

MORE ABOUT REVERSE MORTGAGES

  Segment 2

SEE WHAT LOAN AMOUNT YOU QUALIFY FOR AND READ IMPORTANT INFORMATION BELOW, OR CALL US TOLL-FREE AT 1-800-528-8248 FOR A FREE CONSULTATION.

AARP REVERSE MORTGAGE LOAN AMOUNT CALCULATOR 

CONSUMER GUIDE TO REVERSE MORTGAGE LOANS

Charles Patterson says: "Lighten your burden; Let your house pay you, instead of you paying your house! It will make a huge difference in your Quality of Life!"