Reverse Your Mortgage is here to help take the guess work out of finding qualiy reverse mortgage information and resources.
When you do leave the house or pass away, the property can be sold and the proceeds used to pay off the reverse mortgage. The sale price can be equal to the mortgage balance or up to 95% of the home's appraised value, whichever is less. (The mortgage insurance you've been paying w...
CHUCKOONEY, 75,NDIS wife, Ellen, 71,riginallyetutoefinanceheortgagenheirome in Decatur, Ga.utfteralking witheverse-mortgagedvisertecurity 1 Lending,heouple discoveredhat ifheyookome-equityonversionortgage (HECM)or purchase,ypefeverseortgage,heyould downsizeromheir 3,600-square-footousenduy newo...
In fact, we are the #1 Denver Mortgage Broker and top in Colorado Reverse Mortgage lending. We offer a wide variety of home loans: Conventional loans—including VA, FHA, and others—home purchase, refinance, non-conventional specialty loans, and more. We’re proud to specialize in services ...
Mortgage Broker in the country. We love working with clients to help them understand how they can benefit from a reverse mortgage, and we guide you every step of the way. We specialize in home equity conversion mortgages (HECM), jumbo reverse mortgages, and reverse mortgages for purchase. ...
however, instead of using the equity in your current house, you create the equity in your new home with your down payment and we fund the rest. A purchase money reverse mortgage is the ultimate way to hang on to your cash, have no monthly mortgage payment, and buy the home you REALLY...
“Working with Worthington Mortgage is always guaranteed to be a smooth process. My Loan Officer always does her job well and communicates with everyone to ensure there are no issues at closing.” Susan Bold,Home Purchase “Brandi in Huntsville is an awesome Loan Officer! I was very impressed...
Overall, the reverse mortgage for purchase program offers a practical solution for seniors seeking to buy a home in retirement without the financial constraints of traditional mortgage products. Explore our purchase guide, “Reverse Mortgage Purchase: Down Payment, Rates & Eligibility,” for more detai...
A reverse mortgage for purchase allows seniors ages 62 and older to purchase a primary residence using the loan proceeds from a HECM (Home Equity Conversion Mortgage). 2. Why use a HECM for purchase vs. a tradition mortgage? One of the greatest benefits of a reverse mortgage is that monthly...
Reverse Purchase Seniors often sell their existing home and then beginning the process of right-sizing, purchasing a new home more appropriately sized or better located. A reverse mortgage purchase or allows seniors (age 62 and older) to buy a new home using their cash combined with the Reverse...