Reverse Mortgage
Click the link below for your free quote and see if a Reverse Mortgage is the right option for you.
Why a Reverse Mortgage?
A reverse mortgage loan is a financial arrangement designed for homeowners, typically elderly individuals, where they can convert a portion of their home’s equity into tax-free cash, without the need to sell the property or make monthly mortgage payments; instead, the loan is repaid when the homeowner sells the home, moves out, or passes away.
Our Reverse Mortgage Rates Are Low & Our Process is Quick & Painless
A reverse mortgage is a loan for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments.
We’re here to make the reverse mortgage process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our quick Reverse Mortgage Qualifier.
We’ll help you clearly see the differences between reverse mortgage options, allowing you to choose the right one for you.
The Reverse Mortgage Loan Process
- Check Eligibility: Must be at least 62 years old and own your home, with sufficient equity.
- Counseling Session:Attend a required counseling session to understand the loan terms and conditions.
- Choose a Lender:Compare lenders that offer reverse mortgages and their terms.
- Submit Application: Complete the loan application with necessary documents, including proof of homeownership and age.
- Home Appraisal: Lender orders an appraisal to determine the home’s value.
- Loan Processing:Lender reviews your application and approves the reverse mortgage.
