About Reverse Mortgages

	About Reverse Mortgages Reverse Mortgages – Safely Providing Options for a Better Retirement A reverse mortgage is a loan that allows you to safely turn the equity in your home into cash. It can help you improve your retirement years with tax-free funds that never need to be repaid as long as you live in your home. To qualify for a reverse mortgage, you must be 62 years or older and live in your home as your primary residence. There are no minimum income, asset, employment, or credit score requirements. Generally, there are two types of reverse mortgage programs available: government-insured Home Equity Conversion Mortgages (HCEM) and private reverse mortgage products. Because Retirement Life Funding works with several reverse mortgage funding companies, we are able to offer a variety of reverse mortgage options at competitive rates. The Many Benefits of Reverse Mortgages No loan repayment required as long as you live in your home and maintain general homeowner responsibilities No minimum income, asset, employment, or credit score requirements Retain full ownership of your home Choose the method to receive your funds that best suits your needs With a government-insured reverse mortgage, you and your reverse mortgage are protected in case of housing market declines You have the option to pay some or all of your reverse mortgage balance at any time without penalty Amount of Money Possible from a Reverse Mortgage The amount of money that is available to you depends on your age, the value of your home, and the current interest rate. Generally, the older you are, the lower the interest rates, and the higher the value of your home, the more money you can receive. Contact your Reverse Mortgage Specialist at 1.800.745.0102 to receive a free, no obligation estimate regarding the specific amount of money available to you. You can also receive a more general estimate using our free, on-line calculator. Use Your Money Any Way You Want You can use the money from a reverse mortgage in any manner you choose. Pay off existing mortgage Make home repairs or improvements Pay off credit card debts Pay for home health care Provide a cash cushion for financial security Buy a vacation home Enjoy life a bit more Different Payout Options to Meet Different Needs A reverse mortgage can provide many choices and options for receiving your money. A single lump sum cash payment A line of credit that you can draw upon as needed A monthly cash payment Any combination of any of these options A Reverse Mortgage Specialist from Retirement Life Funding will assist you in designing a customized plan to utilize your available funds to the fullest. A Safe Option for You and Your Heirs It is comforting to know that a government-insured reverse mortgage is extremely safe and secure. You can never be foreclosed upon for failure to make monthly mortgage payments because no monthly mortgage payments are required. In addition, with a government-insured reverse mortgage, the Federal Government guarantees that you receive all of your scheduled payments. In addition, a built-in insurance from the Federal Government protects your family and heirs. With this federal insurance, the total amount of debt that will have to be repaid if the home is sold can never be greater than the value of your home. If your heirs want to keep the home, they can simply pay the reverse mortgage loan balance in full. Further, if, as expected, the value of your home is greater than the amount of the loan, you or your heirs would receive 100% of any proceeds after the loan is paid. Back To Top

About Reverse Mortgages

Reverse Mortgages – Safely Providing Options for a Better Retirement

A reverse mortgage is a loan that allows you to safely turn the equity in your home into cash. It can help you improve your retirement years with tax-free funds that never need to be repaid as long as you live in your home. To qualify for a reverse mortgage, you must be 62 years or older and live in your home as your primary residence. There are no minimum income, asset, employment, or credit score requirements.

Generally, there are two types of reverse mortgage programs available: government-insured Home Equity Conversion Mortgages (HCEM) and private reverse mortgage products. Because Retirement Life Funding works with several reverse mortgage funding companies, we are able to offer a variety of reverse mortgage options at competitive rates.

The Many Benefits of Reverse Mortgages

No loan repayment required as long as you live in your home and maintain general homeowner responsibilities

No minimum income, asset, employment, or credit score requirements

Retain full ownership of your home

Choose the method to receive your funds that best suits your needs

With a government-insured reverse mortgage, you and your reverse mortgage are protected in case of housing market declines

You have the option to pay some or all of your reverse mortgage balance at any time without penalty

Amount of Money Possible from a Reverse Mortgage

The amount of money that is available to you depends on your age, the value of your home, and the current interest rate. Generally, the older you are, the lower the interest rates, and the higher the value of your home, the more money you can receive.

Contact your Reverse Mortgage Specialist at 1.800.745.0102 to receive a free, no obligation estimate regarding the specific amount of money available to you. You can also receive a more general estimate using our free, on-line calculator.

Use Your Money Any Way You Want

You can use the money from a reverse mortgage in any manner you choose.

Pay off existing mortgage
Make home repairs or improvements
Pay off credit card debts
Pay for home health care
Provide a cash cushion for financial security
Buy a vacation home
Enjoy life a bit more

Different Payout Options to Meet Different Needs

A reverse mortgage can provide many choices and options for receiving your money.

A single lump sum cash payment
A line of credit that you can draw upon as needed
A monthly cash payment
Any combination of any of these options

A Reverse Mortgage Specialist from Retirement Life Funding will assist you in designing a customized plan to utilize your available funds to the fullest.

A Safe Option for You and Your Heirs

It is comforting to know that a government-insured reverse mortgage is extremely safe and secure. You can never be foreclosed upon for failure to make monthly mortgage payments because no monthly mortgage payments are required. In addition, with a government-insured reverse mortgage, the Federal Government guarantees that you receive all of your scheduled payments.

In addition, a built-in insurance from the Federal Government protects your family and heirs. With this federal insurance, the total amount of debt that will have to be repaid if the home is sold can never be greater than the value of your home. If your heirs want to keep the home, they can simply pay the reverse mortgage loan balance in full. Further, if, as expected, the value of your home is greater than the amount of the loan, you or your heirs would receive 100% of any proceeds after the loan is paid.

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Retirement Life Funding, LLC treats all information in a confidential matter based on the highest ethical standards. We will not sell your personal data or information to third parties or unafiliated entities.
All information is subject to change without notice and this website does not include all details or program requirements. Contact your Reverse Mortgage Specialist or loan documents for complete details.