Are Reverse Mortgage Loans Safe?

You’ve worked hard to pay the mortgage on your home. With a reverse mortgage loan you can receive the equity that you earned. 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:

• You cannot lose your home under normal circumstances, but please understand foreclosure may occur if you do not pay your taxes and insurance and otherwise comply with the loan terms.
• 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 moving or upon your death. Failure to pay property taxes, insurance, and maintenance could cause the loan to become due.

 “These materials are not from HUD or FHA and were not approved by HUD or a government agency.”

Speak with one of our professionals today and learn how you can make the most of a reverse mortgage loan.

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