Reverse mortgages were created 25 years ago to help senior Americans convert a portion of their home equity into cash and/or allow them to eliminate their monthly mortgage payment. Loan proceeds are not taxable income, so most other benefits are not affected. Reverse mortgages are insured by the Federal Housing Administration (FHA) and allow seniors to age in place and achieve retirement security.
With a reverse mortgage loan, you do not make monthly principal or interest payments on the loan. Instead the loan is paid with minimal monthly deductions of the home’s equity. And it’s repaid in full when the home is sold, refinanced, or the last borrower leaves the home. To learn more, request a copy of our free Reverse Mortgage Guide by going HERE.
4 Ways to Get More Information About Reverse Mortgages:
#1 Schedule Your Call Time
Here at the Reverse Mortgage Group, we respect your time and privacy. Click the link below, and one of our certified Reverse Mortgage Experts will call you or a family member at your convenience.
#2 Reverse Mortgage Calculator
By utilizing our user-friendly Reverse Mortgage Calculator, you can now easily and accurately estimate the potential amount that you may qualify for. Take advantage of this complimentary tool today!
#3 Prepare For Consult
To help you prepare for you phone call/meeting with a Reverse Mortgage Group Consultant, we’ve created a list of details you may be asked during your call. Click the link below to help you prepare for your conversation with one of our Reverse Mortgage Experts.
#4 Begin The Process Now
Are you ready to apply for a reverse mortgage loan now? Begin the reverse mortgage process with one of our certified Reverse Mortgage Experts. They will walk you through the quick and easy pre-approval paperwork and inform you of the next steps to take.
Read for Yourself What Clients Have Said About the Reverse Mortgage Group
"In a little over a month, we had our mortgage payments eliminated and over $200,000 in hand to make some improvements to our home, take a vacation we’ve always dreamed about, and help our grandkids a little." Read More
- Julia Weins
"Throughout the whole process, they kept me informed every step of the way. I really felt like I had a true advocate working by my side the whole time." Read More
- Kay Bye