Licensed Mortgage Banker

"REVERSE MORTGAGE"

Also known as HECM, a reverse mortgage can be just the ticket to free up the money it takes to really enjoy your "Golden Years".  HECM stands for Home Equity Conversion Mortgage.  The money can be taken in a lump sum or paid out over time.  No repayment is due while you and or your spouse continue to live in the home as your primary residence. 

Our mortgage originators have decades of experience between them. We know how to facilitate a Reverse Mortgage and what the best course of action is. We will be your personal financial advisor though-out this complicated process. Our employees are experienced, trustworthy and knowledgeable in the mortgage industry. 

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Are you 62 or older?  Do you have equity in your home?  Do you have a need for extra money for ANY reason, vacation, medical or remodeling, etc?  If you answered yes, an FHA-insured reverse mortgage may be for you.

Below is some criteria for an FHA-Insured Reverse Mortgage.

Borrower Criteria:

• 62 years of age or older.

• Your home must be your primary residence

• You must own the home.

• You must participate in a counseling session approved by FHA.

Reverse Mortgage Loan Amount Based on:

• The age of the youngest borrower.

• Appraised value or the FHA insurance limit, which ever is less.

• Current market interest rate.

Property Type(s):

• Single family home or multi-unit.  If multi-unit, one unit must be occupied by the owner.

An FHA-Insured Reverse Mortgage has other benefits as well, for instance

• No income or credit qualifications are required of the borrower!!!

• No payments are due on this reverse mortgage as long as it's your primary residence!!!

• No Closing costs!!! All costs may be financed in the mortgage!!!