Reverse Mortgage Loan Options

A Reverse Mortgage allows you to choose how you receive your payments on a refinance transaction.

The most popular is to

Establish a line of credit to use when you need it.

Monthly installments.

Lump sum of funds

Any combination of these options.

Purchase loans using a Reverse Mortgage – Requires a down payment and then monthly payments are not required. This requires that the borrower must pay property taxes, homeowner’s insurance and costs associated with maintenance of the home.