top of page
That's right. On a traditional mortgage, you make a payment every month - and if you don't your lender marks a late payment. With a reverse mortgage, just the opposite happens. You never make a payment and nobody ever expects you too.
Years of mortgage payments shouldn't go to waste. Take advantage of the equity you've built in your home with a reverse mortgage. At closing, you can get cash in a lump-sum, a growing line of credit, or set monthly payments.
After taking out a reverse mortgage, the title is still in your name and ownership never changes as long as the home remains your primary residence and you pay your taxes and insurance. You also have the option to have your taxes and insurance paid through your loan.
bottom of page