FAQ's and Resources
As a trusted lender specializing in reverse mortgages for seniors, we want to provide you with a clear understanding of the reverse mortgage process. We will outline the basic steps involved in obtaining a reverse mortgage, ensuring you have a straightforward understanding of the process.
As a trusted lender specializing in US Government-insured reverse mortgages, we want to highlight the unique features of the Home Equity Conversion Mortgage (HECM) program. We will explain the specific benefits that HECM reverse mortgages offer, setting them apart from other non-government-insured reverse mortgages. Our aim is to provide you with a clear understanding of the advantages of choosing a HECM reverse mortgage.
"As a trusted lender specializing in US Government-insured reverse mortgages, we want to highlight a unique feature of the Home Equity Conversion Mortgage (HECM) program. We will explain how HECM reverse mortgages can be used to purchase a home and the advantages they offer. Our goal is to provide you with a clear understanding of how reverse mortgages can help you achieve homeownership."
"As a trusted lender specializing in US Government-insured reverse mortgages, we want to provide you with a clear understanding of the documentation required during the application process. We will outline the essential documents you will need to provide when applying for a Home Equity Conversion Mortgage (HECM) reverse mortgage. Our goal is to simplify the documentation process for you."
"As a trusted lender specializing in US Government-insured reverse mortgages, we want to ensure that you have access to reliable and helpful resources to understand the Home Equity Conversion Mortgage (HECM) program. Here, we will provide you with links to US Government resources where you can find detailed information about HECM reverse mortgages. Our aim is to empower you with knowledge and support your decision-making process."
"As a trusted lender specializing in US Government-insured reverse mortgages, we want to provide you with a clear understanding of the counseling session requirement for the Home Equity Conversion Mortgage (HECM) program. Here, we will explain the importance of reverse mortgage counseling and provide links to counseling resources that can assist you in the process. Our goal is to ensure you have the necessary information and support throughout your reverse mortgage journey."
Reverse mortgages have become a popular financial tool for homeowners ages 62 and older who are seeking a consumer loan. A reverse mortgage loan allows senior homeowners to access the equity they’ve built up in their home over the years. Unlike traditional “forward” mortgages, reverse mortgages do not require monthly mortgage payments. Homeowners will still be responsible for insurance, property taxes, and maintenance; however, loan repayment is deferred until the homeowner no longer lives in the home. Since monthly mortgage payments are not required, seniors typically use their reverse mortgage funds as income tax-free cash. Homeowners who want to qualify for a reverse mortgage must be at least 62 years old and have equity available in their home. Reverse mortgages work by allowing homeowners to convert a portion of their homes equity into cash, based on the total equity available in the home. Loan proceeds can be received in the form of a line of credit, monthly payments, a lump sum, or any combination of these options. Several factors affect the loan amount which you may qualify for including your home’s value, your age, and certain property requirements set by the Federal Housing Administration (FHA).
Work with a local Certified Fire Your Landlord® Reverse Mortgage Expert. They are specially trained to help retirees achieve the dream of a worry-free retirement by leveraging the equity in their homes.
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Learn exactly how much you qualify for, how much you'll get each month, for how long, and how soon you can get approved.
With so much disinformation on the web about reverse mortgages we created a definitive video series that clears things up.
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Reverse mortgages have become a popular financial tool for homeowners ages 62 and older who are seeking a consumer loan. A reverse mortgage loan allows senior homeowners to access the equity they’ve built up in their home over the years. Unlike traditional “forward” mortgages, reverse mortgages do not require monthly mortgage payments. Homeowners will still be responsible for insurance, property taxes, and maintenance; however, loan repayment is deferred until the homeowner no longer lives in the home. Since monthly mortgage payments are not required, seniors typically use their reverse mortgage funds as income tax-free cash. Homeowners who want to qualify for a reverse mortgage must be at least 62 years old and have equity available in their home. Reverse mortgages work by allowing homeowners to convert a portion of their homes equity into cash, based on the total equity available in the home. Loan proceeds can be received in the form of a line of credit, monthly payments, a lump sum, or any combination of these options. Several factors affect the loan amount which you may qualify for including your home’s value, your age, and certain property requirements set by the Federal Housing Administration (FHA).
Options Pro Marketing and its associated brands (Fire Your Landlord®) are marketing entities that partner with lenders and are not lenders themselves. All lending questions should be directed to our partner lenders ( Brett Stacy of ). A pre-approval does not constitute a loan commitment or guarantee of a loan. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower's financial condition.
This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. is an Equal Housing Lender.
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