HUD Reverse Mortgages

Reverse Mortgage Lenders

Helping Senior Homeowners
  
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HUD Reverse Mortgages

         

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Reverse Mortgages allow senior homeowners to convert a portion of the value in their home into cash with no repayment until they no longer use the home as their principal residence.
     

   
 Who Can Qualify for a Reverse Mortgage?

All Borrowers MUST BE 62 years of age, or older
Must occupy the home as your principal residence
No credit, income or health requirements to qualify
Social Security & Medicare benefits are not affected
No taxes are paid on cash from Reverse Mortgages
Cash may be used for any purpose, no restrictions
You keep the title and may sell your home at any time
No repayment as long as you occupy your home
 
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HUD's Federal Housing Administration (FHA) created Reverse Mortgages, known as HECM's, Home Equity Conversion Mortgages. The HECM loan is a safe government backed program.
     
Since your home is probably your largest single investment, you should know about all plans to decide if a Reverse Mortgage is right for you. Consult family, friends and financial advisors.
   

HUD Reverse Mortgages are Guaranteed by the Department of Housing and Urban Development and Insured by FHA

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