What is a Reverse Mortgage?
A Reverse Mortgage is a unique loan that allows homeowners* age 62 years and older to convert part of the equity in their home into monthly income or cash, without having to sell their home, give up title, or take on additional monthly mortgage payments.
Several options are available as to how you can receive your funds:
- Monthly advances
- Single lump sum payment
- Line of credit
- A combination of all these options
You can find more information on our website about reverse mortgages. Click the buttons in the menu to the left for information about the benefits, available products, and how to qualify. We also have information to better inform you about common misconceptions about reverse mortgages. The amount you can receive from a reverse mortgage depends on the age of the youngest borrower, the interest rate, appraised value of the home, and FHA lending limits.
Ready to Apply?
To apply for a reverse mortgage or speak to a reverse mortgage specialist, please contact our office or click the big button to send us an email.
* Must own home as primary residence in CO, DC, FL, GA, IL, KY, MD, MS, NC, OH, OR, PA, SC, TN, VA & WV.