Designed for homeowners over the age of 55, a reverse mortgage is secured by the available equity in your home, which must be your principal residence, and allows you to obtain cash without having to sell your home. With a reverse mortgage, you don’t make any payments. Keep in mind that over time, the interest on your reverse mortgage accumulates and the equity that you have in your homes decreases. There are many advantagtes and disadvantages of a reserve mortgage and we would be happy to discuss these with you in further detail at no charge to you.
Did you know that it should never cost qualified applicants to have a Mortgage Broker looking out for their best interests? We are compensated by the lender & in most cases, we offer our services free of charge to our clients. We are dedicated full service mortgage/financial professionals focused on doing what`s best for our clients! We pride ourselves on providing clients with financial solutions that are specific to their needs and lifestyle.We know that different people need different things in a mortgage.
