Retire on Your Own Terms
with a Reverse Mortgage
Find out how you can have a more comfortable retirement with a reverse mortgage
Supplement Income
Retire in Place
Use the Money How You Want
When retirement savings aren’t enough, it can cause a lot of stress.
There may simply not be enough coming in to cover monthly bills. You may have a house that hasn’t been updated in years and things are falling apart. Or you simply want greater peace of mind when it comes to those unplanned expenses.
How a Reverse Mortgage can Help
Pay Off Traditional Mortgage
When you take out a reverse mortgage, the first thing it will do it back, but homeowners are still required to pay property taxes, reverse mortgage frees up cash.
No Monthly Mortgage Payments*
A reverse mortgage does not require monthly mortgage payments to pay it back, but homeowners are still required to pay property taxes, homeowners insurance, and any maintenance costs.
Ultimate Flexibility
There are no rules about how the funds must be used. Borrowers have the choice of receiving their funds as a lump sum, monthly installments, and/or a line of credit.
How it Works
There may simply not be enough coming in to cover monthly bills. You may have a house that hasn’t been updated in years and things are falling apart. Or you simply may want greater peace of mind when it comes those unplanned expenses.
Talk to Loan Officer
Meet with one of our reverse mortgage specialists who will go over your financial situation to see if a reverse mortgage makes sense for you.
Counseling
All reverse mortgage applicants must first complete a counseling session with a third-party HUD-approved counselor before submitting the application.
Submit Application
The next step will be submitting the reverse mortgage application, which will then be sent to processing and underwriting.
Close and Receive Funds
Last, you will close on the loan and start receiving funds three business days after the closing documents are signed.
Get a Free Info Guide
Download the free info guide to learn more about how a reverse mortgage works.