Our Reverse Mortgage Products

We offer one of the widest available menus of Reverse Mortgage programs.  Please contact us to go over these programs and find the one that is tailored to your specific scenario:  

Traditional Adjustable Rate -  This is the most popular reverse mortgage program.  With it you may do the following: 

• Extinguish your current forward mortgage. 
• Establish a line of credit to be used at a later date 
• Obtain a monthly payment to be received on an ongoing basis.  

Fixed Rate - To protect against rising interest rates you may get a fixed rate.  This loan does not offer a line of credit or monthly payments.

Jumbo - With traditional reverse loans there are limits as to how much you can borrow. This loan product solves this problem for a number of high net worth borrowers.  Generally this loan is for borrowers who have a home that is valued over $1,000.000.

Family Assistance - In some cases, some borrowers have a hard time qualifying due to lower value of the home, extra repairs that need to be made to the home, etc.  This makes for a shortfall at closing.  The solution is a loan from a partner source that is secured by a family member.  It can be used in conjunction with a fixed or adjustable rate program. Reverse for

Purchase -  In some cases a senior may want to downsize to a smaller residence or one with amenities that the current residence does not have.  With this loan a borrower will take the proceeds from the sale of the current home a purchase a new home using a new reverse mortgage.  No payments will be required while the senior is in the home.  A fixed, jumbo or adjustable can be used in conjunction with this loan. 

EquityEdge - This program allows those who are 55 and above to qualify.  This program may also allow you to borrow more money than a traditional reverse. 

These loans offer numerous advantages for those who wish to enjoy financial independence, so take the time to talk to a lender and determine if a reverse mortgage loan is right for you!