Reverse Mortgage

A Reverse Mortgage is a source of additional tax free income that can be used to pay the costs of maintaining a home, to pay bills and taxes or to pay off an existing mortgage, to pay for insurance, take a trip, buy a boat or visit the grandchildren, all without any obligation to make monthly payments.

Reverse mortgage; a loan that offers advances for life but requires no payments for life (so long as you live in your home), where the amount borrowed can exceed the value of your home but the loan payoff cannot (due to FHA insurance or a Fannie Mae or lender guarantee), where there are no payments to miss because there are no payments to make on the Reverse Mortgage. The perfect loan for seniors.

With no payments to make there are no income requirements or limitations, so any homeowner age 62 or older can qualify for a Reverse Mortgage. Typical mortgage costs such as title insurance, appraisal, origination fee and mortgage insurance can be included in the reverse mortgage balance, so there is no cash required at a Reverse Mortgage closing.

If you would rather receive a Lump Sum or Credit line instead of monthly payments, that is also an option. It is your Reverse Mortgage and how you receive your money is up to you.

As a consumer protection, Federal law requires counseling with an independent third party counselor before applying for an FHA reverse mortgage loan. This is referred to as Reverse Mortgage Counseling or HUD Counseling.

Call 1-888-973-8377 to find out how much cash you can qualify for with a Reverse Mortgage.

Alabama Reverse Mortgage: Birmingham, Hoover, Cullman, Mobile, Daphne, Fairhope, Montgomery, Huntsville, Tuscaloosa, Decatur,Florence, Muscle Shoals, Dothan, Auburn, Opelika, Anniston, Oxford, Gadsden

Alabama Reverse Mortgage provide Reverse Mortgage, Reverse Mortgages, Reverse Mortgage Lender, and Reverse Mortgage Information. We will also cover Reverse Mortgage disadvantages and the HECM and Fannie Mae Reverse Mortgage products.

Reverse Mortgage Lender - Florida Reverse Mortgage - Reverse Mortgages - Reverse Mortgage Information