The funds from the loan can help you pay for your medical expenses.
Continue paying your taxes and insurance and eliminate your monthly mortgage payments for the life of your loan.
Finally be able to afford making improvements and repairs to your home.
Find out how a reverse mortgage can supplement your retirement income.
You can have the funds and financial freedom to enjoy your favorite hobbies.
A reverse mortgage can provide funds to help with other loved ones’ needs.
Receive a no-obligation, free quote when you complete our reverse mortgage qualification form.
Our experts walk with you every step of the way and answer all your questions.
Our reverse mortgage specialists have the expertise to serve your needs.
ReverseMortgages.com understands your goals and creates solutions to help you meet them.
1. At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other assets;
2. Charges will be assessed with the loan, which may include an origination fee, closing costs, mortgage insurance premiums and servicing fees that will be added to the loan balance;
3. As with any home-secured loan, the borrower must meet their loan obligations: keeping current with property-related taxes, insurance, maintenance and any homeowners association fees; failure to pay these amounts may cause the loan to come due, may subject the property to a tax lien or other encumbrances, or may result in the loss of the home;
4. The loan balance grows over time, and interest is charged on the outstanding balance. The interest on the loan is not deductible from the income tax return until the borrower makes partial or full repayment.
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