Intro to Reverse Mortgages

A Reverse Mortgage pays you to live in your home. For most of us, our home is our most valuable tangible asset. And most of us have spent a lot of our years working to pay for it and building our home equity. Reverse Mortgages were created to enable seniors to access and use the money that their home’s value represents—without incurring taxes or monthly payments, and without requirements for health or financial qualification.

A Reverse Mortgage (often called a Home Equity Conversion Mortgage) pays the homeowner in the manner or schedule they choose. The home owner retains title to their home, using the funds from their Reverse Mortgage for whatever purpose they choose.
The Reverse Mortgage loan is not repayable during the home- owners’ lifetime, unless they no longer live in the home.

Step 1: Learn the basics

Reverse Mortgages are not new. They’ve been helping seniors and changing lives since 1989, yet word-of-mouth misinformation and myth still surround them. Before you decide whether or not a Reverse Mortgage is right for you, we urge you to get good, factual Reverse Mortgage information, and be an informed shopper when choosing your Reverse Mortgage lenders.

Inside our website, we’ve assembled the Reverse Mortgage information that we believe is essential for you to have. You’ll find answers to frequently asked questions about Reverse Mortgages, addressing our customers typical concerns. In another section, we’re “mythbusters”, comparing facts with fictions. You’ll also find a section with some historical background on Home Equity Conversion Mortgages and an overview of the types of Reverse Mortgages now available.

We serve such areas as: Alaska, California, Connecticut, Florida, Indiana, Michigan, Missouri, Tennessee and Oregon