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| What is a Reverse Mortgage? |
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A reverse mortgage is a program designed to enable homeowners 62 years and older to convert part of the equity in their homes into tax-free cash flow* without having to sell the home, give up title, or take on a new monthly mortgage payment. Instead of making monthly payments to the lender, as with a regular mortgage, the lender makes payments to you. Visit the Reverse Mortgage FAQ section to see a list of the most commonly asked questions.
* Consult a Tax Professional.
U.S. Government Guarantee for Reverse Mortgages The Home Equity Conversion Mortgage (HECM), or Reverse Mortgage is a tool so valuable, with a promise of security so strong, that it was developed by the United States Government and is Insured by the United States Federal Government. A HECM reverse mortgage (Home Equity Conversion Mortgage) is a government-protected financial tool that has helped over 478,000 individuals who are older than 62 improve their lives. It can provide the cash resources necessary to enjoy a fuller life and to stay in your own home. Many safeguards are built into the program to protect seniors from predatory lending practices. We are here to help you through the entire process of your reverse mortgage and we will make this a quick and smooth transaction without you leaving the comfort of your home. |
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