Reverse Mortgages

A Reverse Mortgage is an FHA-insured loan that allows seniors 62 years and up to use the equity they’ve accumulated in their home over the years to improve their quality of life and eliminate financial burdens. By converting equity into tax-free income, a Reverse Mortgage is a way to stay in your home and receive cash to use for any purpose.

Unlike other loans, repayment is not required until the home is no longer the principal residence. Credit and income are not used in the qualification for a reverse mortgage.

Heirs have up to one year to refinance or sell the property. Repayment will never exceed actual market value.