A Reverse Mortgage liquidates the equity you have in your home by paying you cash and eliminating your existing monthly mortgage payments. By refinancing your home with a Reverse Mortgage, you can ensure that you will live in your home free of mortgage payments as long as you continue to pay your homeowner’s insurance and property taxes.
Reverse Mortgages have existed since the 1980s and are insured by the Federal Housing Administration. Designed to alleviate the financial burden of a retired lifestyle, Reverse Mortgages have helped preserve a quality of life for many people. To see if a Reverse Mortgage is right for you, contact one of our Loan Officers today.