A reverse mortgage is a loan that lets homeowners aged 62 or older transform their home equity into cash. Tailor-made for retired homeowners, reverse mortgages are perfect for those with limited retirement savings who need help with debts, medical expenses, or life's unexpected plot twists.
A reverse mortgage can allow you to maintain ownership of your home without having to make monthly mortgage payments anymore.
Additional income from your home equity to help you pay for increased medical costs, cover unexpected bills, and finally afford to do the things you've always dreamed of.
A reverse mortgage can allow you to maintain ownership of your home without having to make monthly mortgage payments anymore.
Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Guaranteed Rate for current rates. Restrictions apply.
Navigating Financial Options: Explore the Insights of Mortgage Reverse Loans
Unlock the Full Potential of Your Mortgage Advisor sales force with WOWMI's Comprehensive Suite of AI-Powered Marketing Tools and Strategies
*Plus, Get your free VA guide for your next loan!
Unlock the Full Potential of Your Mortgage Advisor sales force with WOWMI's Comprehensive Suite of AI-Powered Marketing Tools and Strategies
Help to increase brand awareness and generate leads from audience
Help to increase brand awareness and generate leads from audience
Help to increase brand awareness and generate leads from audience
A reverse mortgage is a type of loan that allows homeowners 62 and older to pull cash funds from their home equity!
This result is just an estimate. For a more detailed report Schedule a complimentary consultation today.
This is not a commitment to lend. Consumers are advised to obtain a Loan Estimate. Rates are subject to change and are dependent on credit and underwriting criteria.
Your actual rate, payment and costs could be higher. Guaranteed Rate cannot predict where rates will be in the future. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate, its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
A retirement solution specifically designed for homeowners like you! The retirement of your dreams is just four simple steps away!
Counseling with a HUD-approved counselor so they can review your financial situation and explain the benefits and risks of a reverse mortgage.
Provide your lender with information about your age, the value of your home, and your remaining mortgage balance.
The lender will order an appraisal of your home to determine your maximum loan amount.
Once you’re approved, you’ll receive the proceeds of your loan, and you’ll be all set to start living the retirement of your dreams!
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.
We’ve helped thousands of home buyers just like you. Find out what people are saying about the expert service they’ve found at USA Mortgage!
A retirement solution specifically designed for homeowners like you! Retain ownership of your home without making monthly mortgage payments anymore, and receive cash funds from your home equity to supplement your retirement income.
A reverse mortgage is a loan that allows homeowners aged 62 and older to tap into their home equity without selling their home or taking on a monthly mortgage payment. Instead, the loan is paid back when the borrower dies, sells the home, or moves out permanently.
Schedule Now!To be eligible for a reverse mortgage, you must be at least 62 years old, own a home, and occupy it as your primary residence. Your home must also meet certain property standards and be free of any liens.
Schedule Now!With a reverse mortgage, the lender provides a loan based on the equity in your home. You can receive the money in a lump sum, monthly payments, or as a line of credit. You can use the money for any purpose, but you don’t have to pay it back until you die, sell the home, or move out permanently.
Schedule Now!Reverse mortgages can provide homeowners with extra cash in retirement, help pay for home repairs, cover medical expenses, or pay for other needs. They also provide a way for seniors to remain in their homes and avoid selling or moving.
Schedule Now!You don’t have to repay the reverse mortgage as long as you live in your home, but you’ll still be responsible for paying property taxes, insurance, and maintenance costs. When you die, sell the home, or move out permanently, the loan and any accumulated interest will be due.
Schedule Now!Getting approved for a Reverse Loan begins with taking a look at your unique situation.
Getting approved for a Reverse Loan begins with taking a look at your unique situation.