GET THE FACTS ABOUT REVERSE MORTGAGE LOANS

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What is a Reverse Mortgage? A low-interest federally insured loan that allows senior homeowners to convert a portion of the equity in their home into tax-free cash.

Who Can Qualify for a Reverse Mortgage?
Borrower(s) MUST BE 62 years of age, or older
Must occupy the home as your principal residence
No taxes are paid on cash from a reverse loan

Reverse Mortgages Require No Monthly Payments.
You are responsible to maintain your home, pay your real estate property taxes and carry homeowners insurance.

How is the Reverse Mortgage Repaid? The loan becomes due when you no longer live in the property. You or your estate may pay back the loan by either selling the property, or refinancing the mortgage.

We Do Not Make Loans ... We Make Sense.