• All borrowers must be 62 years or older
• Must have some equity in your home
• No required mortgage payments while loan is in effect
• You will never owe more than the appraised value of the home
• No income or employment qualification
• You own your home - the lender does not hold the title
• Closing costs and fees incurred can be financed as part of the loan

How will I get my money? Options to meet your wants and needs:

• Line of Credit - access the equity in your home at your convenience
• Monthly payment - get a monthly payment for a set term or for life
• Lump Sum - get cash at time of loan closing to address any current obligations
• Combination of the above - a customized plan to meet your unique needs

What can I use if for? Typical Uses:

• Hospital/healthcare costs
• Repay existing mortgages
• Reduce burden on children
• Home repair/improvement
• Pay property taxes
• Daily expenses
• Travel, something special

The Process:

1. Getting Started - If you want to learn how a reverse mortgage will work for you, we'll be happy to discuss it with you. Just fill out the form below to get started.
2. Qualifications - Benefits are generated based on the following:
   
   -Appraised value of home or maximum lending limit
   -Borrower's age
   -Available home equity
   
   
3. Taking Action - When you are ready to move forward, we will assist you in completing an application and schedule a counseling session with an approved counselor. All loan fees and closing costs can be paid out of the benefits, requiring little to no money out of pocket.
4. Gaining Independence and Remaining in Control - A lien is recorded against the home, but the borrower will retain full title to the property and remain in control of the home, just like a normal mortgage.
   The borrower continues to have the responsibility for maintaining the home and paying proerty taxes and insurance premiums.