What is a reverse mortgage?

A 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:

• Eliminate house payment forever
• Supplement your retirement income
• Fund your long term health care
• Retain full title and ownership of the home

Who Qualifies?

• Must 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 income
• 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

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