Reverse Mortgage FAQs

Removes your mortgage payment for the rest of your life. Also can give you cash in a lump sum, monthly or have it in a credit line that grows monthly and can be accessed at your discretion.

You do. It's just like any type of mortgage loan. You can hold the title to the property in the manner you choose, including a living trust or will. One of the biggest misconceptions out there is that the bank owns my home. That is false, that is simply not true.

Never. You can live in your home the rest of your life. You can sell your home if you desire to do so. It's just like a regular mortgage except you no longer have a monthly payment.

It's exactly the same as a regular mortgage except better. Unlike a regular mortgage that you pay a payment on, your loved ones or whoever you leave your home to, has a whole year to sell the home or refinance it and keep if they wish.

Yes, if you are 55 years and older. If you own your home. And if you have equity in your home. 90% of Americans will not and can not pay their homes off in this life-time. The financially prudent understand this concept. This is why financial planners encourage reverse mortgages. 

Yes. We have helped many cover their property taxes and  homeowners insurance for their whole life.

This website answers a lot of your questions. The free webinar is an excellent source. Also you can call 888-220-6490 to talk to a reverse mortgage specialist to answer any question you may have.