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  • 			    The Reverse Mortgage Loan!  What do you really know about it?

    The Reverse Mortgage Loan!  What do you really know about it?

  • 			    More than a mortgage.  This loan product may help increase your entire retirement portfolio!

    More than a mortgage.  This loan product may help increase your entire retirement portfolio!

  • 			    Age in place comfortably, with the home you want and greater financial confidence.

    Age in place comfortably, with the home you want and greater financial confidence.

  • 			    Make your home investment work for you and enjoy it!

    Make your home investment work for you and enjoy it!

BASIC QUALIFICATIONS:
62 Years and Up
40-60% or More in Equity
Meet Financial Assessment
Primary Residence Only

WITH A HECM REVERSE MORTGAGE:
Refinance Existing Home
Purchase a New Home
Refinance Existing Reverse Mortgage
NO monthly mortgage payments
(Taxes & insurance required and home must be maintained.)

FUNDS AVAILABLE AS:
Line of Credit
Lump Sum
Tenure / Term
Combination of Above

Home Equity Conversion Mortgage 

Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administrations's Home Equity Conversion Mortgage (HECM) Program.  This advertisement talks about HECM loans only.

HECM mortgages have undergone major revisions since 2013.  The product that you think you know, is structured better, is FHA insured and offers greater flexibility.  In addition, it assures the borrower, co-borrower or non-borrowing spouse that they will be able to age in place until they move or pass away - regardless of the balance on the loan.*  As with all homes, taxes and hazard insurance will need to stay up to date and the home must be maintained.  Additionally, with a reverse mortgage, the borrower(s) must continue to live in the home as their primary residence and meet all other loan terms.

So now, explore this site and educate yourself on how a Reverse (or HECM) works.  I also encourage you to call  and I will be happy to take the time and talk to you personally - answering your questions and listening to your needs.

There is a lot of misinformation out there on reverse mortgages.    EDUCATE yourself and explore whether a reverse mortgage may be exactly what you need to improve your overall quality of life!

In addition to the general information provided on this site - please visit WWW.HUD.GOV and National Reverse Mortgage Lenders Association for additional information!