Reverse Mortgage loans are not right for everyone. It may surprise you to hear a lender say this, but it is true.
Borrowers looking for a short term loan may be better suited for a different type of financing as the loan can require insurance, origination and third-party fees that must all be financed, making this loan impractical as a shorter term solution.
However, for those who wish to remain in their homes and need extra income or cash to do so, the Home Equity Conversion Mortgage may be exactly what you are looking for.
Educate yourself or family on the safeguards with our free .PDF guide. We explain what it is, how it works, and provide answers to many frequently asked questions and common misconceptions. (Download here)
You can also find current articles in our blog with articles, personal advise, and industry updates.
Our writer and CEO Michael G. Branson has over 40 years banking experience, has been instrumental in educating some of the largest banks on the nuances of the program and its benefits to mature homeowners.