Reverse Mortgages

Listing Information:

Reverse Mortgages are more than a loan, they are financial security and peace of mind. Maggie has been helping people get reverse mortgages since the early 90's with over 100 positive customer reviews. Trust Maggie to give you 100% of her attention to your transaction. HECM Reverse Mortgages... ...unlock equity to use in retirement without requiring any payments to the lender until the last homeowner leaves the home permanently. Like regular mortgages, you hold title to your home and the lender records a lien (deed of trust) as security for the debt. Unlike regular mortgages, you don’t make monthly mortgage payments, instead the interest and mortgage insurance charges are added to the loan balance resulting in rising debt. You receive cash, line of credit or monthly payments. Supplement your income with tax free cash or draw from a line of credit when desired. Pay off existing mortgages and get rid of payments. Or use it to purchase a new home!