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Reverse Mortgages for Seniors

Reverse Mortgages are the best thing to ever be offered to seniors. We speak to many enriching and inspiring seniors daily and continue to be surprised how much confusion and misconceptions there is about FHA Reverse mortgage home loans. But once we start talking further and was able to answer questions and provide the facts, it was exciting to see opinions change and the seniors enthused to learn more.

You may be familiar with Home Equity Conversion Mortgages (HECMs), or reverse mortgages. But recent program developments — as well as the rapidly growing demand — make reverse mortgages worth considering. In fact, not considering a reverse mortgage means you’re missing out on tremendous opportunity.

What’s new with FHA reverse mortages?

Today’s reverse mortgage is safer, more flexible, and more attractive as refinancing, home purchase, or line of credit option for homeowners and homebuyers age 62 and older.
Rates and fees are lower than you might expect. Today’s reverse mortgage may compare favorably with a traditional home equity line of credit (HELOC) or home equity loan alternative.
Financial advisors have discovered new ways of using a reverse mortgage line of credit, which may provide more security and control than a traditional HELOC. The unused line of credit grows — providing more available funds over time. And a reverse mortgage credit line cannot be reduced or revoked, as long as the terms of the loan are met.
It’s become a smart financial tool that lets senior borrowers take advantage of the existing equity in their home, and live the life they want.

All these factors — plus an exciting industry-wide consumer education program that shows reverse mortgages in a new light — mean that reverse mortgages are now better positioned than ever to help you in your senior years.

We believe in the success of all reverse mortgages for seniors by helping consumers learn more about these positive product developments. As one of the nation’s best reverse mortgage lenders, we invite you to discuss your mortgage options. To learn more about your reverse mortgage opportunities call us 877-244-9190.

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