Home / Lenders / Reverse Mortgage Lenders, Waxhaw

This rate option will give you access to more cash proceeds over the life of the loan than any other product option available. You will notice that there is a line of credit available after 12 months which will allow you to receive the most money possible in the first 12 months. If your number one goal with the Reverse Mortgage is to get your hands on as much money as possible this is the option for you.

If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose. If you review the amortization schedule for this product, you will see that over the years your outstanding loan balance with this selection will be lower than the other product options.

With this product option you will keep your closing costs as low as possible in order to establish your Reverse Mortgage. If you are most concerned with the costs to set up the loan and less concerned with the amount of proceeds you will receive, this is the product I would recommend for you.

As the name indicates this is a Fixed Rate loan option. Your rate would never be subject to change if you choose and close on this product option. This is the option you would select if your biggest priority was to secure a rate that would not be subject to change. Fixed Rate loans are a single disbursement lump sum so there is no option for a credit line. Depending on your individual circumstances, a Fixed Rate loan option may not provide you with as much available loan proceeds as one of the adjustable products so you will want to compare the amount of proceeds available when making your decision.

If your current home value is higher than $1.25 Million, this is a product you will want to look at in comparison to the Government product. The Government Insured Reverse Mortgage has a maximum value currently of $679,650. This means that any additional value above that figure is not factored into the loan amount calculation. Having a value higher than $679,650 does not prohibit you from still considering the Government Product, but at higher home values, this product may provide you with significantly more funds available than the Government Product can. There is no Mortgage Insurance Premium on this product so the closing costs are usually lower for this product in most cases. This is a Fixed Rate product so the proceeds are given as a lump sum only in lieu of the option for a credit line. If you have a larger existing mortgage or are looking to receive additional proceeds above what the Government product can provide, this is the best option to accomplish that goal.

Instant Quote from Waxhaw's #1 Rated Reverse Mortgage Lender

Try ARLO™ the revolutionary calculator that offers side-by-side lender comparisons, real-time interest rates and expert recommendations.

Give it a try,
100% Free, No SSN Required.

Talk To An Expert: (800)565-1722

Speak to Our Human Experts

Step 1 of 3. Enter your address to calculate your eligibility...

Street Address

Zip Code

With ARLO™ get up to $25,000+ MORE from Your Reverse Mortgage!

"ARLO is the most sophisticated reverse mortgage consumer pricing engine currently available" -Yahoo! Finance

"ARLO is a philosophy of educating borrowers rather than selling to them" -Housing Wire

Home Value

Existing Mortgage

Reverse mortgage proceeds are based in part on your age. If you have a spouse their age will be needed as well in order to give you the most precise calculations.

Your DOB

Spouse DOB (If you have a spouse)

Your ARLO™ Analysis is Ready!

I just fetched you the best of 2019's Reverse Mortgages! Your custom ARLO™ analysis includes real-time loan comparisons highlighted with my expert recommendations.

Name

Phone (Needed to validate your request)

By clicking the button above, I consent to being contacted by All Reverse Mortgage® and its partners for marketing purposes at the phone number and email I provided, including through the use of automated dialing technology, prerecorded/artificial voice, email, or text messaging. I understand consent is not required to purchase

Your FREE Report Includes

Real Time Analysis (Next Step)

Analysis Via Email

From America's #1 Rated Reverse Mortgage Lender

Close Window

Waxhaw Reverse Mortgage Lenders

All Reverse Mortgage® is a reverse mortgage company that lends throughout the state of North Carolina, including Waxhaw. All Reverse began in November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan

We offer reverse mortgages to Waxhaw homeowners and our staff has a combined lending experience exceeding 100 years with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.

Waxhaw Reverse Mortgage Facts

City	Homeowners Age 62+	Reverse Mortgages Closed Last 12 Months	Purchase Reverse Mortgages Closed Last 12 Months	Lenders in Waxhaw (est)	Avg. Home Value
Waxhaw	2,860	14	4	10	$207,100

HUD Approved Direct Lender

All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.

All Reverse Mortgage® originates in Waxhaw and offers several reverse mortgage options: in some instances borrowers are looking to pay off their existing loan and eliminate their monthly mortgage payment; or if they already have paid off their mortgage, a reverse loan can help borrowers utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a new home.

About All Reverse Mortgage®

The owners and management of All Reverse Mortgage® were part of the team that wrote and sold the first fixed-rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values, so not all borrowers are better served with the jumbo programs.

Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.

Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking the reverse mortgage to augment their retirement plans and not so much as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.

Waxhaw Lending Limits

Waxhaw, North Carolina, is a town of about 10,000 residents in Union County, North Carolina. It’s about 30 miles south of Charlotte, North Carolina. Of the population total, about 11.5 percent are senior homeowners 62 years or older.

Modern Waxhaw can be traced back to roughly 1711. Since then, it’s established itself an area with many fine dining options and antique stores, which provides residents with many options for amenities. Additionally, with Charlotte being relatively close, Waxhaw residents can always take a trip into the city for even more fun.

Waxhaw’s economy consists of jobs in professional and scientific services, finance, retail trade and health care.

The median home value in Waxhaw is $207,100 which is an increase of 10.7 percent in the last 12 months. Over the next year, home prices are projected to increase 3.8 percent. While some of the homes in Waxhaw are valued below the federal maximum reverse mortgage lending limit of $726,525 that applies to government-insured HECM loans, other homes may exceed the maximum reverse mortgage lending limit. However, senior homeowners can still look to jumbo loan programs to tap into their home’s equity for higher valued homes.

If you reside in Waxhaw or are planning to move there, All Reverse Mortgage is here to answer your questions. Access our free reverse mortgage calculator to estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued Waxhaw homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our program benefits that you won't find elsewhere:

	Exclusive 4.25% (5.95% APR) Fixed Rate for Life

	Government Insured & Jumbo Proprietary Programs

	Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure

	ZERO Origination Fee Plans

	ZERO Financed Closing Cost Plans

	ZERO Monthly Servicing Fees on ALL programs

*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $40,000. *APR ran at $185,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)

The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.

We don't work with Brokers, allowing us to pass the savings on to you.

We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.

We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

Top A+ Rating By The Better Business Bureau

eKomi Independent Reviews 4.9 out of 5 Stars

Trustlink Independent Reviews 5 out of 5 Stars

HUD approved direct lender.

Working with a local Waxhaw, NC lender saves you time and money.

As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.

Click here to view our HUD Approval

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."

"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"

"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."

"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."

"This was the smoothest mortgage process I have ever experienced! And so fast!"

Browse Hundreds More...

Waxhaw Reverse Mortgages

(20 votes, average: 5 out of 5)

Click here to rate this

How do you rate this article?