What is a Reverse Mortgage?

A reverse mortgage is a lending program for people that have reached their 62nd birthday. It will allow you to create a loan that will have NO monthly payments, pay off any obligations, establish a monthly income or create a fund which you can hold in reserve until you have a need; or just let it continue to grow by accumulating interest.

The main program utilized is called “The Home Equity Conversion Mortgage (HECM). This program is insured by the Federal Government through the Federal Housing Administration (FHA). This program is the only one that is insured and guaranteed by the Federal Government.

Process Information

Free Reverse Mortgage Calculation