Is a Reverse Mortgage Right for You?

Seniors Report High Satisfaction with Their Reverse Mortgages

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What type of Property do you have?

Single Family
Condo/Townhome
Multi Family

What's your home value & mortgage balance?

How old is the youngest person on the loan?

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What is your property's ZIP Code?

What is your street address?

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What is Your Current Electric Bill?

 

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*New Bill:

Account Summary

Old Bill:

Account Summary

*Estimated New Bill

 

Estimate Your Credit

700+
620-700
580-620
580 or less
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Military Service?

(active or previous by you or your spouse)
No
Yes
I have a VA loan

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Reverse Benefits

  • Get cash monthly or lump sum
  • Just pay your taxes and insurance
  • Own your home & live in it while getting monthly cash
  • Your social security generally won't be effected

Reverse Mortgage Myths

  • Qualifying is very difficult
  • Liable for the loan balances that exceed home value
  • The bank now owns your home
  • Reverse Mortgages are expensive (prices vary by situation)

Qualifying is Easy

  • Youngest homeowner on title must be at least 62+
  • If you own your home or have a large amount of equity
  • Your home is your primary residence (Where you live)