Reverse Mortgages
More people, than ever, are discovering the usefulness of a Reverse Mortgage (a type of loan for homeowners, 62 or older) and using it to remain in their
homes while converting up to 65% of their equity into tax-free income, without having to take on a new monthly mortgage payment. Following is information that will help you learn what your options are.
Basics Facts on Reverse Mortgages
All reverse mortgages have a set common features and requirements.
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Frequently Asked Questions About Reverse Mortgages
The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage,
a lender makes payments to you. read more ...
Reverse Mortgage Payment Options
Your reverse mortgage payments come with several options to choose from. read more ...
Typical Costs in Getting a Reverse Mortgage
Many of the same costs that someone pays to obtain a home purchase loan, or to refinance their existing mortgage, apply to reverse mortgages too.
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Reverse Mortgage Versus a Home Equity Loan
Learn how they compare with regular home equity loans by clicking here.
If you like to speak to Jeff Ocasio, our reverse mortgage specialist, to ask any questions and learn more, feel free to call – (239) 689-6900
or toll free 1-866-800-0911.
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