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The Details: Reverse Mortgages

If you're 62 years old or older, a reverse mortgage may be perfect for you.  Reverse mortgages let seniors receive (instead of make) payments every month.  If you need cash for healthcare expenses, want to take a dream vacation or just want to spoil your grandkids rotten, a reverse mortgage might make sense for you.

Unlike traditional mortgages, reverse mortgages are payable after you no longer live in the property.  When you no longer live in your home—because you've moved, sold your home or passed away, the loan becomes due.  At that time, you and/or your family can decide to either sell the house and pay off the loan, or to refinance the house and pay off the loan.  And if there's any money left over after the sale of your home and the repayment of the loan, that goes to you or your estate. 

You retain ownership

Simply stated, a reverse mortgage is a loan against your home.  You are still the owner of your home—you still hold the deed.  Stop being 'house rich and cash poor' and start enjoying your senior years… contact us today to explore which reverse mortgage option might be right for you!

Want to know more?  Click here to see answers to frequently asked questions about reverse mortgages.

WHERE CAN I GET MORE INFORMATION ON REVERSE MORTGAGES FOR SENIORS?

To learn more about reverse mortgages and other types of financial alternatives,
please contact John Masci at 301-528-0022 ext 20.

 - you could be approved much faster than you think. And you can rest assured knowing you'll get the best deal with us. In the end, many of our customers say we have performed something of a miracle for them. We hope to do the same for you.

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