How Reverse Mortgages Work: Payouts, Functions & Costs
Reverse mortgages, also known as home equity conversion mortgages (HECM), provide homeowners age 55+ access to instant cash from the equity that they have built
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Aging in Place: How Seniors Can Stay In The Home They Love
You’ve spent years living, decorating and adding your personal touch to your home. Not to mention, you also built bonds with your neighbors and have
Reverse Mortgage FAQs
These are some of the most frequently asked questions about reverse mortgages. To quickly jump to the answer of your choice click on the following:
HECM for Purchase: Buy A New Home With A Reverse Mortgage
For older homeowners looking to buy a new home, doing so without increasing expenses and still allowing them to age in place can be tricky.
Can you sell a house that has a reverse mortgage?
Yes, you can sell a house that has a reverse mortgage! Once you’ve found a buyer, the sale proceeds will go towards repaying your reverse
Jumbo Reverse Mortgage Loans: An Easy-to-Follow Guide
If you want to diversify and prolong your retirement portfolio, a jumbo reverse mortgage loan, also known as a proprietary reverse mortgage, might be the
Are Reverse Mortgages Safe: Your Questions Answered
This is a common and reasonable question to ask when considering reverse mortgages, also known as home equity conversion mortgages (HECM). While there are some
Can you lose your home with a reverse mortgage?
It’s possible to lose your home if you take out a reverse mortgage. As long as you follow a simple set of rules put in
Survival Strategies for Gray Divorce
The divorce rate continues to rise among couples over the age of 50, and while the reasons for so called, “gray divorce” vary, the effects
Funding Long Term Care Strategies You Should Know
Long-term care is a type of care that helps people with chronic illnesses or disabilities maintain their independence and quality of life. It can be
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- PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. This ad is not from HUD or FHA and was not approved by HUD or any government agency. The loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and insurance and to comply with the terms of the loan. Consumers remain responsible for property taxes, homeowner’s insurance, and home maintenance.
- HomeSafe Reverse Mortgage products that allow 55+ age borrowers, are not available in all states. MA, WA, NC, TX and UT have restrictions, to require borrowers to be age 60 to 62 years old, for Reverse Mortgage products. State restrictions and PRMI state licensing overlays apply. Contact us, for more information.
