Reverse mortgages are great for seniors, 62 years old and above. Seniors can make sure they can enjoy their retirement by using a reverse mortgage to get some equity in their home as tax-free income. With no monthly payments for them, it's like getting an interest- free loan from themselves! One of the most popular types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which is backed up by the federal government and insured through FHA loans. Reverse Mortgages help you take the stress out of your retirement.
We’ll help guide you through the reverse mortgage loan process with tools and expertise.
Here’s how our home loan process works:
If you are a senior homeowner looking to access some of the equity in your home, a reverse mortgage may be an option worth considering. In order to qualify for a reverse mortgage, you must be at least 62 years old. However, if you are younger than age 62 but have a disabled spouse or minor child who lives with you, then they can also qualify for your reverse mortgage early.
If you are considering applying for a reverse mortgage, contact us now for further information about the qualifications and options available for you.
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