The Reverse Mortgage is a national program which is offered to senior homeowners 62 years and older which allows for you to access your homes equity without a monthly repayment. The federally Insured HECM has made it possible for many senior homeowners throughout the US to live more comfortably with the peace of mind that comes from staying in your own home.
You may safely access a portion of your homes equity.
You own your home - not the bank.
You never make a payment as long as you live in the home.
Requirements...
Minimum Age: 62 All Applicants
Income / Credit: No income or minimum credit score is required
Eligible Properties: 1-4 Unit properties including HUD approved Condominiums, PUD’s, and manufactured homes meeting HUD standards
Occupancy: You must occupy your home as your primary residence, maintain home in a reasonably good condition, continue paying your taxes and homeowners insurance.
This program has become a safe and viable way to help you sustain your retirement. Visit the Reverse Mortgage Calculator for more information.
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