Get the Facts About Reverse Mortgage Loans
What is a Reverse Mortgage? A low-interest federally insured loan that allows senior homeowners to convert a portion of their equity into tax-free cash.
How Reverse Mortgages Work. You may be entitled to receive a lump sum cash payment, monthly payments, line of credit, or a customized plan of all above options.
Use our calculator to find out if you can qualify and how much cash you may expect to receive.
|Who Can Qualify for a Reverse Mortgage?|
|All borrowers must be 62 years of age, or older|
|Must occupy home as your principal residence|
|No taxes are paid on cash from a reverse loan|
Reverse Loans Require No Monthly Payments. You are responsible to maintain home, pay property taxes and carry homeowners insurance for the life of the loan.
How is the Reverse Mortgage Repaid? The loan becomes due when you no longer live in the property. You or your estate may pay back the loan by either selling the property, or refinancing the mortgage.
We Do Not Make Loans ... We Make Sense.