FHA Reverse Mortgage Calculator Reverse
Mortgage Consumer Information
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Find Out If You Qualify for a Reverse Mortgage
What is a Reverse Mortgage? A federally insured loan that allows seniors to convert a portion of the value in their home into cash.
How Reverse Mortgages Work.
You can receive a lump sum tax-free cash payment, monthly payments, line of credit, or a customized plan.
When Does the Loan Become Due?
No repayment is required until the borrower(s) no longer use the home as their principal residence.
Qualifying for a Reverse Mortgage? To be eligible for a this program the youngest borrower must be 62 years of age or older.
Reverse Mortgages Require No Monthly Payments.
You are responsible to maintain your home, pay your real estate property taxes and carry homeowners insurance for the life of the loan.
Empowering Seniors is NOT a Lender or a Mortgage Broker. We Publish Educational Reverse Mortgage Information.
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