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How much money can I get from a reverse mortgage?

The amount will vary borrower to borrower and is based on a few factors including age of the youngest borrower, value of your home, and how much you may owe on an existing mortgage. If you would like to know if you qualify and how much you can get please reach out to us at [...]

By | November 14th, 2016|0 Comments

What is the process to get a reverse mortgage?

The first step is education. In it, we learn about the client's situation and teach the client about how a reverse mortgage would work specifically for them. We also investigate whether a client would qualify for a reverse mortgage or not(as not everyone qualifies). Next, the senior completes reverse mortgage counseling and fills out an [...]

By | November 14th, 2016|0 Comments

What is HECM counseling and why do I have to complete it?

HECM(or reverse mortgage) counseling is required by HUD and the FHA. It acts as a consumer safeguard; basically it ensures that you understand what a reverse mortgage is, and that we did a thorough job of explaining the entire program. Our goal is that every senior who goes through the reverse mortgage process understands it [...]

By | November 14th, 2016|0 Comments

How can I qualify for a reverse mortgage?

To qualify for a reverse mortgage a borrower must be at least 62 years old or older, own a home, and have sufficient equity in that home. In addition, we make sure that you're willing and able to afford your senior living expenses. To figure out if you qualify for a reverse mortgage, sign up [...]

By | November 14th, 2016|0 Comments