Mortgage Wholesalers

A Reverse Mortgage is a loan for homeowners who are at least 62 years of age. A Reverse Mortgage allows retires with limited income to access the equity in their homes to cover living expenses, health care costs or satisfy other financial needs witho...

A Reverse Mortgage is a loan for homeowners who are at least 62 years of age. A Reverse Mortgage allows retires with limited income to access the equity in their homes to cover living expenses, health care costs or satisfy other financial needs without having to make monthly mortgage payments.The HECM is called a reverse mortgage because instead of making monthly payments to a lender, the lender makes payments to the borrower. There are no restrictions on how the funds may be used and the borrower is not required to pay back the HECM reverse mortgage loan until the home is sold or vacated.