What is a reverse mortgage?
reverse mortgage is a FHA government insured loan that enables a senior
homeowner to access a portion of the equity in their home ,tax free.
The loan amount is based on the homeowners age and the current value
of their home. Unlike a traditional home loan, the homeowner is not
required to make a payment on the home as long as they occupy the home.
Major benefits of a reverse mortgage:
house payment forever
- Supplement your retirement income
- Fund your long term health care
- Retain full title and ownership of the home
be 62-years of age or older
- Must own a home
- Home must be your main residence (may be a single family, condominium
or manufactured home)
Reverse mortgage requirements
- No assets or savings
- No credit or fico score
If you are a senior homeowner nearing retirement, a reverse mortgage may be an excellent way to access the equity in your home.
Call our office to find out more about a Reverse Mortgage.
Questions call: 800-451-8330
Our reverse mortgage consultants are Available 8:00 am to 6 PM PST