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  • Home
  • About Us
  • Purchase
  • Refinance
  • Commercial
  • Resources
    • Mortgage Articles
    • Loan Process
    • Credit & You
    • Reverse Mortgage
    • Real Estate Partners
  • Contact
  • Apply Now

Reverse Mortgage

What is a reverse mortgage?

A reverse mortgage is a mortgage in which the borrower does not make a mortgage payment each month. However, the balance of the mortgage will increase every month. Borrower may still be responsible for paying property tax, home insurance and home association dues. 

Who qualifies for a reverse mortgage?

Being over age 65. 

Have substantial equity in your property. 

What are the Pros and Cons of a reverse?

Possible negative equity

Can i purchase a home using a reverse mortgage?

Yes

what are the benefits to taking a reverse mortgage?

Take cash out of your property 

No mortgage payment 


should i apply for a reverse mortgage?

Each client situation is different. Talk with a mortgage professional today. 

Other important factors to consider.

How long do you intend to stay in the property?

How much is it costing me?

Will the costs outweigh the benefits? 


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