Reverse Mortgage
is not for everyone. Though it is a powerful tool for seniors age 62 and older who
do not want to sell their homes, or who can not afford the monthly payments of a new
mortgage.
The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to
a lender, as with a regular mortgage, a lender makes payments to you. Eligible property
types include single-family homes, manufactured homes (built after June 1976), qualified
condominiums, and townhouses.
First tell us about yourself and your home, and we will responde with estimated benefits
and further guidance.
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