Reverse Mortgages are ideal for homeowners who are 62 years of age or higher, maintain a property as their primary residence, retired or no longer working, need to supplement their income, desire availability to their equity or want to pay off existing debt. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value. It is your home, take advantage of it!

Qualifying is different for Reverse Mortgages

• Credit Score is never considered
• Debt to Income is not considered
• Assets are not required or verified
• Reserves are not required or verified
• Employment is not required or verified

Ways in which a Reverse Mortgage can help you

• Foreclosure Bailout - we can help you stay in your home while eliminating the need to make monthly mortgage payments
• Monthly Payments Too High - get the funds you need to pay off outstanding debt without an additional monthly mortgage payment
• Home Improvements - staying in your home is important and we understand that you may want to upgrade or improve your home for easier day to day living
• Emergencies - have availability to the cash you may need if an emergency arises
• Improve Your Quality of Life - paying off debt and/or having the availability to your cash puts you back in control of your life
• Eliminate Your Mortgage Payment - even if you are not in a high equity situation you may still be able to make your monthly mortgage disappear. That in itself may be the key to financially improving your daily activities
• Everyone's situation is different. Let us help you see the benefits of a Reverse Mortgage

 Why Borrowers Refrain from Using a Reverse Mortgage

• View the costs are too expensive
• Misunderstanding on how title is held
• Prefer that more equity is left to their heirs
• Are concerned that their heirs will oppose
• Receive conflicting advice from their heirs
• Do not understand the terms and conditions

Your Responsibilities in a Reverse Mortgage

• Keep Property taxes current
• Keep Homeowner's insurance current
• Maintain property in reasonable condition

For Your Protection in a Reverse Mortgage

• Reverse Mortgages are Non-Recourse Loans. This means that no matter what the situation you will never owe more than the appraised value of your home
• You will always get advance loan disclosures to look over and discuss with your spouse, heirs and trusted friends
• Third Party Counseling is mandatory. This allows you the ability to discuss and educate yourself about a Reverse Mortgage with no pressure put on you
• You absolutely retain title to your home

Reverse Mortgage Loan 'Myths'

• "The lender takes the house"
  FALSE - you retain title to your home throughout the loan. A Reverse Mortgage is like any other loan, the lender gets a lien position just like a forward mortgage.
• "I can be thrown out of my home"
  FALSE - you stay in your home until a loan maturing event occurs.
• "I can owe more on my home than it's worth"
  FALSE - you can never owe more on your home than the value of the home at the time the loan is paid off.
• "If the lender fails, I will be stuck"
  FALSE - if the lender were to fail, HUD would step in as the servicer and make the payments to you.

You owe it to yourself to get the facts of a Reverse Mortgage. We are here to help you. We understand that you will want to discuss your options with trusted family members or friends, we invite you to have them available to speak with us as well.

If you are not 62 years of age yet and looking into a Reverse Mortgage for a loved one, we especially want to help you understand the facts. Please, do your research and know that we are available when you need us.

Making a difference in people's lives is what we do. Quality of life is important, let's get together and see if a Reverse Mortgage is right for you.