Are Reverse Mortgages Safe?

A Reverse Mortgage is a Loan!

Advancements in reverse mortgage solutions generated historic milestones for seniors.

A reverse mortgage is one of the best designed mortgage loan products available to the growing senior population. The first reverse mortgage was written in 1961 and since its inception the product has seen notable progress in the development of innovative loan products, advancement in technology, increases in consumer protection, awareness, and lending options available to seniors. 

You’ve worked hard to pay the mortgage on your home. A reverse mortgage can be an effective wealth management tool giving seniors additional cash to live on while using the equity in their home. A federally insured reverse mortgage program will help you unlock that equity by increasing your monthly income. Rest easy knowing you’re protected because with a reverse mortgage you can:

• Never be forced to sell or vacate your home
• Never owe more than your loan balance or the value of the property (whichever is lower)
• Be assured that the loan doesn’t come due until you leave the residence, either by permanent moving out or upon your death.

It's not a decision to be taken lightly, Speak with one of our professionals today and learn how you can make the most of a reverse mortgage.

If you're ready to get started on your reverse mortgage apply now.