Reverse Mortgage Loans
The total amount of money you can receive from your house is limited. The amount is determined by the age of the youngest borrower or eligible non-borrowing spouse, the value of the house, and the interest rate at the time of closing.
Improved cash flow - improved quality of life.
Pay off your current mortgage
Receive lump sum cash at closing
Receive cash as needed.
Receive a monthly check
Money Received is Not Taxable*
Because the money received by the borrower is not income, there are no income taxes to pay and the money received can be used for any purpose:
Pay for basic living expenses
Purchase long-term care insurance
Pay for medical expenses not covered by insurance
Help finance your grandchildren's education
Fulfill lifelong dreams that were previously unreachable
Homeowner maintains ownership of the home.
* Not tax advice, consult a tax professional.
Since the owner retains all ownership rights, any appreciation in the value of the home belongs to the homeowner.
Because the borrower retains ownership, they must comply with the loan terms which include occupying the home as their primary residence, paying taxes and insurance, and maintaining the property.
In many cases, despite the interest being charged on the outstanding balance of a reverse mortgage, the homeowner's equity in the property actually grows over time. This is possible because interest is only charged on the outstanding balance of the loan, whereas the rate of appreciation of property values operates on the full value of the home.
"These materials are not from HUD or FHA and were not approved by HUD or a government agency."
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Our Happy Clients
"I wanted to let you know how impressed I was with the job everyone did at your company. I have refinanced several times in the past and usually pick the company that has the lowest rates. Of course I did the same when I chose your company. However, this time I received great service to go with the low rate."
"I just wanted to thank you for constantly following up with me. The last time I refinanced it seemed as if I always had to follow up with the mortgage company. Thanks for staying on top of everything and keeping things moving forward."
"Your company was so much more professional then the last mortgage company I used. Every question I asked was answered honestly and accurately. I would recommend you to anyone."