NEED CASH OUT?

Is a Reverse Mortgage right for you?

If you have been considering a Reverse Mortgage, there are several advantages to this unique loan program. For homeowners 62 and older, accessing the equity in their home without a monthly payment and increasing their monthly cash flow is by far the biggest benefit of the program.

As home values have appreciated over the years, seniors have struggled to keep up with rising costs of living. A Reverse Mortgage allows many seniors to access additional income from their home’s equity, tax free. Most importantly, there are no mortgage payments to be made for as long as the homeowner lives there.

Do You Qualify?

Borrowers must be at least 62 years of age.
They must occupy the home as a primary residence.
Income or credit requirements are not needed.
Mobile homes are generally not eligible for a reverse mortgage.
The eligible properties are single-family, one-unit residences, but some programs also accept two- to four-unit, owner-occupied residences. These also include some condominiums, cooperatives, planned unit developments, and manufactured homes

Highlights

NO repayment for as long as you, or your co-borrower, occupy the home
NO taxes are owed on the loan cash
NO pre-payment penalty
You retain the title to your home
You may sell your home at any time
Cash may be used for any purpose
Cash may be received in a variety of ways
Social Security and Medicare benefits NOT affected
After your estate pays the lender, all remaining equity is paid to your heir

Ready to Start?

Let’s get you pre-qualified, ready for a loan, and finally cleared to close.

Let's Begin