Need Extra Cash for Living, Healthcare, or Eliminating Your Mortgage Payments?
Reverse mortgage borrowers retain ownership and title to their home. It's yours just as it was before, but now you can benefit from the equity that's been building in your home for years. The HECM reverse mortgage loan will give you the peace of mind of a government insured FHA loan. Just imagine accessing the equity in your home and never having to repay the loan for as long as you lived in your home. A reverse mortgage can be obtained on your primary residence only and taxes and insurances are still required to be paid.
Reverse Mortgage proceeds are tax-free and can be used however you like. However, a forward mortgage would need to be paid off first and the remaining proceeds would go to you.
A reverse mortgage requires NO income or credit qualifications so minimal paperwork is required.
If you would like to learn more about how a reverse mortgage may benefit you or someone you know, we will be happy to meet and go over your options. OR, fill out the short form below to be contacted by a Reverse Mortgage Specialist