Reverse Mortgage (Home Equity Conversion Mortgage)

A Reverse Mortgage is a loan program available only to homeowners aged 62 years or older. It allows for the conversion of part of their equity into cash. Instead of making monthly payments to a lender, the lender makes payments directly to the borrower through the home’s equity.

Options are available for monthly payments or a lump-sum payment. There are no restrictions on how proceeds can be used and the borrower is not required to pay back the loan until the home is sold or vacated. As long as the borrower lives in the home, you’re not required to pay the loan back—upon death, the borrower’s family or trust may reclaim the home by making financial arrangements with the lender.

We make the process as simple as possible. You don't need to negotiate with the banks, we'll handle everything. Call us at 888-239-6161.