Angela Stang is the Assistant Operations Manager at ReverseMortgages.com Miss Stang received her BSBA with an emphasis in Finance & Banking and Real Estate at the University of Missouri. In her free time she enjoys hanging out with her friends and family, traveling the world, reading, watching Hockey (Let's Go Blues), and painting.
“Do not save what is left after spending,
but spend what is left after saving.”
At ReverseMortgages.com, our mission is: To offer senior citizens the ability to live in their home and experience the freedom of financial security. NMLS #1313859. www.nmlsconsumeraccess.org
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.