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Reverse Mortgages

When equity needs to work for you a “Reverse Mortgage” Can be the best program.

Do you have the security of equity in your home? As a senior citizen homeowner, equity is a terrific asset! Your equity is calculated as the difference between what your home is worth and the remaining debt you owe. Through the MortgageEase Reverse Mortgage Loan Program, borrowers have plenty of options to benefit from equity assets. Like Olga, you may need cash or additional income each month. Or, you may just want the comfort of a credit line.

If you have significant equity—or even minimal equity—and are 62 or older, our flexible equity-release reverse mortgage loan products can be customized to meet your immediate or long-term financial needs and lifestyle. What’s available through this MortgageEase program? 

The FHA Home Equity Conversion Mortgage HomeKeeper
by Fannie Mae		 Financial Freedom™
Cash Account™
Choose the flexible HECM, which provides cash, monthly income or a credit line—choose one option, two, or combine all three options for a fixed term. Or, ask for a loan term for as long as you live in your home.

Like the flexible HECM, this equity-release plan offers borrowers cash, monthly income, a line of credit or a combination of all three. Fixed terms aren’t available; HomeKeeper applies as long as you live in your home.

This no-income verification plan offers borrowers a highly flexible range of choices to draw from considerable home equity, with no mortgage payments required until the borrower exits the home.


Olga’s Story

Olga, a 75-year-old widow, had always enjoyed the comfort of the home she and her husband Joseph had built in the 1950’s. They raised three children in the four-bedroom ranch, and when Olga’s mother became ill, they converted a two-car garage into a studio apartment so they could care for her. The apartment gave the couple privacy, while giving Olga’s mother the independence and dignity they thought she deserved.

But since her mother's death, with Joseph following soon after, Olga felt lost in the big house. It was difficult to maintain and at times, overwhelming. With taxes, health-care and cost-of-living expenses climbing beyond her retirement income, Olga found her comfortable lifelong home becoming more and more uncomfortable. But Olga wasn’t ready to leave a house she owned and cherished— one where she was surrounded by memories and friends.

With her children’s assistance and the help of a MortgageEase consultant, Olga’s remarkable equity qualified her for a flexible reverse mortgage. She used cash to pay delinquent taxes and for car repairs, and draws a small monthly income to ease the burden of expenses. But the income draw is temporary. Olga tapped her line of credit to update the apartment, which she’ll rent to give her the extra cash she needs each month. Best of all, Olga says, she won’t feel so alone in the house. And the tenant she found—a family friend—has agreed to exchange a portion of the rent for yard work and housework.

For Olga, a MortgageEase solution returns the comfort known from a lifelong home. What comfort do you need now? Contact us at 301-528-0022 to discuss your financial needs and equity assets or Click here for detailed information on Reverse Mortgages

We've showcased some of our most popular loan programs below. Don't see the loan you're looking for? Give us a call at 301-528-0022 or Click here for our Live Chat and let us design a loan package that's perfect for you.

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