Our Senior-to-Senior lending team consists of executives who have been around the block. They have the experience and knowledge to help other seniors make the right decision regarding a reverse mortgage.
To talk with a Senior-to-Senior lender today, call 877-998-9900.
Consider a Reverse Mortgage
House rich and cash poor? You’re not alone. By the time many people are age 62 or older, they have plenty of home equity but limited cash flow. The ability to access the equity in a home may mean the difference between a comfortable lifestyle and continuous penny pinching during the golden years.
If this situation seems familiar, it might be time to consider a reverse mortgage. Also known as a Home Equity Conversion Mortgage (HECM), a reverse mortgage gives people who have significant equity in their homes a lump sum payment or a steady stream of payments to use as they chose. Freeing up the cash value of a home can supplement a fixed income, helping with mounting medical bills, home repairs or even traveling the world.
There are no monthly payments because a Reverse Mortgage loan does not have to be repaid as long as the borrower owns and lives in their home. When the borrower moves out, the property can be sold or refinanced and the loan is repaid from the proceeds of that transaction.
Complete the form below for more information on reverse mortgages, or give us a call at 877-998-9900.
