Often times a reverse mortgage is called reverse mortgage loan. However it is actually not as much a loan as it is tapping the equity in your home. Often times people do this to help supplement their retirement income. If you meet the minimum requirements of a reverse mortgage you may be elgible to tap this equity and still live in your home! 

This program was built just for senior citizens and has become much more used in recent years. Often times people want to get these reverse home loans to pay for unexpected medical expenses. Other times peoples retirement income for whatever reason is just no longer enough. No matter if these reasons apply to you or you just want to have additional income or a lump sum reverse mortgage call our experts today who can help you with your reverse mortgage needs. Call toll-free 1-800-290-0745

A reverse mortgage loan may be right for you or a loved one. We offer free consultations on all loans. Find out if you qualify for a reverse mortgage today! Even if you just have questions let us know by calling today!

As a senior citizen, you probably want your medical bills taken care of so you do not become a burden to your loved ones. You may also want to take your spouse for a trip around the world and celebrate years of being together building a home and bringing up a family. A mortgage reverse senior loan is what you should consider to meet such needs. This is the kind of loan that you can take out against the equity that you have in your home. The loan is available to seniors who have attained the age of 62 years and over.

There are several programs that allow you to take out such a loan. You can do so using government subsidized loans and through those offered by the private sector. The main difference is the cost of the loan. Those subsidized by the government have lower interest rates than those offered by the private sector. You should carefully consider the kind that you take out.

There are certain conditions that you must meet before you apply for this loan. Apart from being over 62 years of age, you should be the owner of the home and have no other unpaid loans against the property. Your taxes should be paid up and this trend should continue as before. The house must be kept in good condition even after the loan is given to you. Remember that this loan is not due until the day you move out of the residence permanently or pass on.