Frequently Asked Reverse Mortgage Questions
Many consumers misunderstand reverse mortgages. Reverse Mortgages are a well-regulated financial solution and, for the right borrower, safe and strategic resources for meeting current and future needs, improving your lifestyle, and adding flexibility to your retirement plan.
Call, text, or email Mike me today to discuss your retirement plans.

How a Reverse Mortgage Works
Reverse mortgages are increasing in popularity with seniors. If you are 62 years and older, you may qualify for a reverse mortgage loan that converts your home equity into cash income. We are reverse mortgage loan specialists and are here to assist you as you explore your options and whether a reverse mortgage loan solution is right for you.
Call, text, or email me today to discuss your retirement plans.

Busting the Myths about Reverse Mortgages
If you are considering a reverse mortgage loan for yourself or for a family member but feel like you have come across negative information about the reverse mortgage product, we want to help provide you with the correct information. We have included some of the most common myths here, as well as the actual facts.
Call, text, or email me today to discuss your retirement plans.

For these loan programs, we are a Mortgage Broker only, not a mortgage lender or mortgage correspondent lender. We will arrange loans with third-party providers but do not make loans for these programs. We will not make mortgage loan commitments or fund mortgage loans under these programs.

HECM fixed interest rate mortgages are limited to the Single Disbursement Lump Sum payment option, which is one full draw at loan closing and no future draws. Adjustable interest rate mortgages provide for five, flexible payment options, and allow for future draws. Initial distribution caps will apply.

There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower is still responsible for paying property taxes, homeowner’s insurance, and maintaining the property to HUD standards. Failure to do so could make the loan due and payable. Credit is subject to age, income standards, credit history, and property qualifications. Program rates, fees, terms, and conditions are not available in all states and are subject to change.

This advertisement does not constitute financial advice. Please consult a financial advisor regarding your specific situation. Borrowers should seek professional tax advice regarding reverse mortgage loan proceeds.