If your goal is to supplement retirement income, a reverse mortgage could provide the key to unlock the equity in your home. Ideal for homes appraised higher than the HECM loan limit, homeowners age 55 and older can potentially access hundreds of thousands of dollars more of their equity than the FHA HECM loan currently offers.
Get the Most out of Your Equity
Contact us today an we’ll provide a no-obligation estimate to help determine if a reverse mortgage is the right answer for you. Maximize your equity – maximize your financial piece of mind.
Unlock the Equity in Your Home.
Never Make a Payment Again.
If you’re age 55 or older, you can potentially finance loan amounts up to $4 million and access even more of your home equity.
Compared to a Home Equity Conversion Mortgage (HECM), a reverse mortgage offers these great advantages:
–Loan amounts up to $4 million, significantly higher than a HECM allows
–No mortgage insurance premium
–Borrowers have the option to receive their proceeds as a LOC, lump sum OR a LOC, combination cash at close
–Condominiums appraised at $500,000 or more do not require FHA approval