Use your Homes Equity with Reverse Loan
A Reverse Mortgage can help you receive a lump sum payment along with monthly income to help you live a better lifestyle and help with monthly commitments. Please contact us and setup a free consultation so that we can show you what benefits you can receive with a reverse mortgage.
A reverse mortgage is a loan type that is available to homeowners who are 62 years or older. It allows them to convert the equity in their home into one of the following or a combination of the three:
- A lump sum payment
- Monthly income
- Line of credit.
The product helps people that want to tap into the equity in their homes and use the money as they want to use it. This loan is called a reverse mortgage because it is the opposite of a traditional mortgage. Instead of making monthly payments to a lender, the lender makes payments to you as the borrower. You are not required to pay back the loan until the home is sold. As long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your property taxes, homeowners association dues and insurance.
What are the seniors saying who have taken out reverse mortgages?
According to an AARP survey of 1500 seniors who had obtained a reverse mortgage, is that reverse mortgages may be more practical than most realize. The following is how those 1500 seniors responded to the AARP survey:
95% reported that a reverse mortgage partially to fully met their financial needs
94% reported a greater peace of mind
89% described having a more comfortable lifestyle
93% reported that their reverse mortgage had a positive effect on their life
87% answered that they had a better quality of life
100% satisfied with our customer service
Our Happy Clients
-
"I wanted to let you know how impressed I was with the job everyone did at your company. I have refinanced several times in the past and usually pick the company that has the lowest rates. Of course I did the same when I chose your company. However, this time I received great service to go with the low rate."
-
"I just wanted to thank you for constantly following up with me. The last time I refinanced it seemed as if I always had to follow up with the mortgage company. Thanks for staying on top of everything and keeping things moving forward."
-
"Your company was so much more professional than the last mortgage company I used. Every question I asked was answered honestly and accurately. I would recommend you to anyone."