Reverse Mortgage Loan is Available!
Is Reverse Mortgage Loan Right For You?
The federally insured (HECM) Reverse Mortgage is a special program for seniors 62 years or older that allows them to access the equity in their primary residence to help fund their retirement.
The interest is added to the balance of the loan and paid off when the homeowner moves or sells the property.
Some key benefits are:
Pay off an existing mortgage and eliminate your monthly mortgage payments
Take cash out to pay off debt, do home improvements, or whatever else you had in mind
Receive a monthly income stream
Access to a line of credit
No monthly payments on the amount borrowed
Continue to own your home
No requirement to sign over title to the bank
This program is very flexible which allows us to tailor a benefit that specifically meets your needs in retirement.
We also have access to a non-FHA proprietary jumbo reverse mortgage for non-FHA condos and jumbo loans above $850,000.
For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. GM Brokerage NMLS #2228453 EquFooter Bottomal Housing Opportunity, 2021 All Rights Reserved.
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