30 N Gould St Ste 3815, Sheridan city , Wyoming - 82801, USA
Reverse Mortgage
30
Years of
Experience
Reverse Mortgage
What is reverse mortgage?
This is a special type of loan available for elderly people who
are 62 years and above.
You need access to the equity for your daily expenditures, when you’re 62 years or
better and have equity invested in your home
Here, reverse mortgages give you access to borrow against your home’s equity with no
monthly payments. This is as far as you remain/live in your home.
The reverse mortgage loan has to be repaid when the home-owner sells the home or passes
away.
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Call to Our Experts
Eligibility
Eligibility for a Reverse Mortgage
An individual whose age is 62 years and beyond and must possess
minimum equity in the home. Also,
the property must meet the required FHA standards & you may need to go through a
counseling session that’ll be conducted
by the department of housing-urban development to acquire knowledge about the loan and
options.
A reverse mortgage helps you turn an asset into money/cash that you can utilize to cover
your expenditure during your retirement.
Our Versatile Products
Use your ownership to secure life’s journey.
Better than selling
Free yourself from moving and exhausting. If you decide to sell your home while you have a reverse mortgage loan, you can pay back the money you borrowed and sell your home. And if your loan balance is less than the amount you sell your home for, then you keep the difference. Avoid paying rent and make way for your lifetime savings.
Great fund and flexibility
Use your home equity whilst living in your dream home. Reverse mortgages are ideal for retirees who don't have a lot of cash savings or investments but do have a lot of wealth built up in their homes. A reverse mortgage allows you to turn an otherwise illiquid asset into cash that you can use to cover expenses in retirement. Save your money and help yourself later!
No monthly payments
Have a happy retirement life with a huge lump of savings. The amount of money you can receive from a reverse mortgage generally ranges from 40-60% of your home's appraised value. The older you are, the more you can receive, as loan amounts are based primarily on your life expectancy and current interest rates. While owning your home, access additional funds with no monthly principal rates.
