A DIFFERENT TYPE OF REVERSE MORTGAGE LENDER!
THE LIFE YOU’VE BEEN DREAMING OF
Today’s borrowers, 62 years of age and older, are realizing the flexibility and benefits offered by Reverse Mortgages. Many have spent the past 30 years raising a family, maintaining a large home and building a career. As they enter their retirement-age years, it may be time to shift focus and look toward their own interests and needs. If you had enough time and enough money, what would you like to be doing and where would you like to be doing it?
Although you have loved your large family home, are you secretly wishing you could ‘right size’ to a different home with less maintenance and upkeep? Would you move downtown where you could walk to the library, have a special coffee shop, take a painting course and lunch with friends regularly? Do the mountains, the city or the beach really call your name?
TAKE THE FIRST STEP TO FINANCIAL FREEDOM AND APPLY FOR A REVERSE MORTGAGE
WHAT IS A REVERSE MORTGAGE?
A Reverse Mortgage is exactly what its name implies. Think of a typical mortgage and now, reverse the payment structure. Instead of borrowing money from the bank against a portion of your home and paying it back on a monthly basis, the lender pays you on a monthly basis, or in the manner you choose, for the portion of the home you have built equity in.
In the 1980’s, the Federal Housing Administration approved a new Reverse Mortgage home equity loan product called a Home Equity Conversion Mortgage (HECM). This product was exclusively designed to meet the needs of those 62 years of age and older. A Reverse Mortgage may provide them the ability to access some of the equity in their home.
Learn What You Can Borrow
A CHANGE OF SCENERY JUST MAY CHANGE YOUR LIFE
Thirty years ago, when purchasing your dream home, it never crossed your mind that one day your dream home might just become ‘more home’ than you really want to handle. The magnificent home with the tree-lined driveway is still magnificent, but your kids have grown up and are successfully building their own lives an hour’s drive away.
You still love to garden but the joy of a few flower boxes and an outing to the Farmer’s Market is now providing you with the same enjoyment that tending to your own garden gave you 20 years ago. You are able to make ends meet each month, but a little financial breathing room wouldn’t hurt. The monthly expense of maintaining your current home could be better spent on pursuing more current interests.
Ready to Make Your Move?
Discover How Much Cash You Need!
*This seniorsecurity.com calculator is provided to assist you in estimating what mortgage funding may be available to you as loan proceeds under the FHA Home Equity Conversion Mortgage (HECM) program. It is for illustrative purposes only and does not represent an offer to lend. Please feel free to contact us if you would like additional information or wish to receive a custom no obligation estimate.
Talk to a Reverse Mortgage Expert Today!
We’re here to answer any questions or concerns you may have about a Reverse Mortgage.