Options to Fund Your Retirement
Help Fund Retirement
As a leader in reverse mortgage lending for over 40 years, we work closely with mortgage professionals, community bankers, attorney’s, credit unions and retirement planners to help senior homeowners convert a portion of their home equity to fund long-term retirement plans, allowing you to age in place.
Our mission and focus is on your financial requirements and circumstances not the vendors requirements. What that means is that we offer a variety of solutions and we are authorized by an array of vendors so that we can use our forty years plus experience in finding the best solutions for you. We strive to attain the highest level of borrower and professional partner satisfaction. HECM reverse mortgages have helped over a million seniors comfortably age in place. There are several products that can help you fund retirement. You’ve worked hard to achieve a life full
of memories below are some options to help fund retirement that you many want to consider.
Fixed & Adjustable Rate Reverse Mortgages
A fixed rate reverse mortgage loan offers a single lump sum disbursement, and a consistent, fixed interest rate over the life of the loan*. An adjustable rate reverse mortgage has an interest rate based on the one-month LIBOR index. Multiple payment plans are available to suit borrowers’ needs such as:
- Term: Fixed monthly payment for a set number of years
- Tenure: Fixed monthly payment for the lifetime of the loan*
- Growing Line of Credit (LOC): An established amount of money set aside for future draws when borrowers need it
HECM for Purchase
Designed to assist seniors to buy their next home, using a reverse mortgage:
- Replaces traditional mortgage to finance a new home
- Down payment is obtained from the sale of current home (or other savings and assets) and combined with reverse mortgage
- No monthly mortgage payments (borrower is still responsible for continued payment of property taxes, homeowner’s insurance, maintenance and applicable HOA fees)
Jumbo Reverse Mortgage Loan (HomeSafe)
With HomeSafe, your borrowers will have access to these great features:
- Tap into more equity on high-value properties
- Fixed interest rate
- Access to all loan proceeds in one lump sum
- No mortgage insurance required
- No monthly mortgage payments (Borrowers must continue to pay property taxes, homeowner’s insurance, and home maintenance costs.)
