| FAQs |
What Is A Reverse Mortgage?
A reverse mortgage is a unique financial tool that enables homeowners, ages 62 and over, to tap into their home's equity, receiving either a monthly income, lump sum of cash, or a line of credit. There are no income or credit qualifications, and there is no repayment until the homeowner permanently leaves the home. The borrower retains full ownership of the property.
Reverse Mortgages are FHA/HUD government insured loans. This makes it a very safe mortgage for our seniors.
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