Reverse Mortgages

Many homeowners have found that a reverse mortgage is a great way for them to take advantage of the equity they have built up in their homes, but there are some important things to know because a reverse mortgage is different than a traditional mortgage. Take a look!
 

Home Equity Conversion Mortgages (HECM)

Some reverse mortgages provide a line of credit that can grow over time and they have a mortgage insurance premium to pay.

Each borrower is required to complete an independent counseling session before they can even apply for a reverse mortgage!

For more information on when a reverse mortgage comes due click here

If you’re aged 62 or older and own your home you might be eligible for a reverse mortgage. Contact us to find out more about reverse mortgages and ways to make it work for you.

 

Check out some REAL reverse mortgage stories here.

{MENU_DISPLAY_6243}