Reverse Mortgages

In order to qualify, you must be a minimum of 62 years old. A Reverse Mortgage is NOT a traditional loan where you make payments. The lender either pays you in a onetime lump sum, or monthly payments. You still continue to pay for your homeowners insurance and taxes and must maintain the property. *Consult a tax professional for additional information. “Loan is repaid when the last surviving borrower passes away, sells home, or fails to adhere to loan terms.”

Per HUD Mortgagee Letter 2014-10, “This material is not from HUD or FHA and has not been approved by HUD or a government agency.”

  • A home loan designed to meet the needs of retirees on fixed income
  • A Reverse Mortgage is NOT a traditional loan where you make monthly mortgage payments.
  • Use this tax-free cash for virtually anything (supplement social security income, pay for
    long term care etc.)*Consult a tax professional for advice.
  • Loan is repaid when the last surviving borrower passes away, sells home, or fails to
    adhere to loan terms.
  • Any remaining equity belongs to your heirs or estate

Call for more details: 888-660-3696