Reverse Mortgage
Many seniors turn to a reverse mortgage to provide additional monthly cashflow to help with their monthly expenses. Seniors who decide against moving from their home into assisted living communities usually opt for in-home care and use a reverse mortgage to help pay for the private home care. A reverse mortgage, also referred to as a home equity conversion mortgage, allows homeowners to tap into the equity of their home while maintaining ownership of the home.
Reverse Mortgage Requirements
- Homeowner 62 or older (if multiple borrowers, at least one must be 62)
- Property must be a single family home or a 2-4 unit home with the borrower living in one of the units.
- Take a HUD approved course about reverse mortgage
Contact a Licensed Reverse Mortgage Lender Today
- Arizona Reverse Mortgage Lenders
- California Reverse Mortgage Lenders - San Diego, Los Angeles, Anaheim, Mission Viejo and more
- Reverse Mortgage Lenders in Florida
- NY Reverse Mortgage Lenders - Bronx, Syracuse, NYC, Yonkers and more
- Reverse Mortgage Lenders in North Carolina - Raleigh
- Utah Reverse Mortgage Lenders - Salt Lake City, Draper, Provo, South Jordan, West Valley City, Lehi, Saratoga Springs and more
- Texas HECM Lenders - Austin, Dallas, Fort Worth, San Antonio, Houston, Round Rock and more
- Washington Reverse Mortgage Lenders
- Colorado - Denver, Colorado Springs
- Georgia
- Illinois
- Indiana
- Maryland
- Michigan
- Minnesota
- New Jersey
- Pennsylvania
- Rhode Island
- South Carolina
- Vermont
- Virginia
Important Information: Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for reverse mortgage lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. It is strongly advised that you consult with your family and / or trusted financial planner when considering any reverse mortgage loan.
