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Reverse Mortgage Programs …
You Have Choices

The first thing you should know when it comes to a Reverse Mortgage for your home is that you have choices. By talking with a Reverse Mortgage Expert, we can help you identify your financial goals, both short and long term. This will help determine which reverse mortgage options is right for you!

A Reverse Mortgage is simply a government-insured reverse mortgage commonly known as a (HECM) which is a home equity conversion mortgage. This program is designed specifically for homeowners 62 years of age or older to use as a form of financial relief. The program lets you access your home’s equity like cash without making payments.

Frequently Asked Questions (FAQS) for Reverse Mortgages

You can choose from one of four ways to receive the cash from your reverse mortgage, the choice is yours:

  1. In one lump sum amount
  2. In a line of credit
  3. As a monthly payment
  4. Any combination of the above options.

OVERVIEW

Standard Fixed Program

(Lump Sum Option)

The standard fixed rate reverse mortgage allows the reverse mortgage borrower(s) to get a fixed rate on their loan without ever having to worry about rising and declining interest rates. This lump sum option product is exclusively for borrower(s) who want to draw all of their available cash at the time of closing.

Standard Adjustable Program

(Examples: line of credit, monthly payments, or a combination of both).

The standard adjustable rate program provides you with flexibility; it provides more options for you to control the withdrawal of your reverse mortgage proceeds.  The line of credit option, allows you to withdraw your loan funds when you need and with no restrictions. Any amount of funds remaining in the line of credit will grow larger each month, giving you more cash to access in the future.  The adjustable rate reverse mortgage, can increase or decrease over time due to market interest rate index changes.

HECM Saver Fixed

The Saver Fixed has similar benefits to the Standard Fixed Program.  However with the Saver Fixed, the fixed rate is slightly higher but you will have lower closing costs.  The (MIP) or up-front mortgage insurance premium that is required by the Federal Housing Administration is greatly reduced.  This could save you thousands of dollars.  The one disadvantage is the amount of available cash to the borrower(s) will be much lower than compared to the Standard Fixed Program. 

HECM Saver Adjustable

The Saver Adjustable has similar benefits to the Standard Adjustable Program. However with the Saver Adjustable, the adjustable rate is slightly higher but you will have lower closing costs. The (MIP) up-front mortgage insurance premium that is required by the Federal Housing Administration is greatly reduced. This could save you thousands of dollars. The one disadvantage is the amount of available cash to the borrower(s) will be much lower than compared to the Standard Adjustable Program.

Your Reverse Mortgage Expert at Regional Reverse Mortgage will walk you through every step, answer all of your questions and help customize the loan that’s right for you!

Call now, 800-801-0708 to get started, or Ask a Reverse Mortgage Expert Now!


Find the Right Reverse Mortgage Info Today on RegionalReverse.com

Living to age 62 has a number of great advantages oftentimes overlooked, especially for homeowners 62 or older. Thanks to the introduction of reverse mortgages, those 62 and older now have the ability to convert part of their home’s equity into tax-free income. So if you’ve reached the age of 62 or older and are interested in gaining tax-free income from the equity built in your home, then now is the time to find more reverse mortgage info through our website.

We at Regional Reverse Mortgage are here to help those interested in gaining more financial freedom or perhaps have a specific financial goal in mind. With a reverse mortgage, homeowners 62 or older can gain the cash needed to realize their specific financial goals, and all in a tax-free manner. But before taking any steps, it’s important to understand the basics of reverse mortgages and what is needed during the process. On our website, you’ll gain the reverse mortgage info you need to feel comfortable, confident, and ready to make the appropriate decision to move forward with the application process or not. You can find frequently asked questions along with answers in our ‘FAQS’ section, or you can simply request a free brochure which you can read at your leisure in your home.

We at Regional Reverse Mortgage do our best to provide helpful reverse mortgage info on our website. But it’s also important to know that we can also be contacted directly by phone in case you’d like professional assistance from a qualified reverse mortgage expert. So be sure to learn more today through our website or feel free to give us a call at 800-801-0708.


CALL TODAY TOLL FREE 800-801-0708

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NMLS 4855; Regional Reverse Mortgage; HUD-FHA Approved Correspondent Lender, Equal Housing Lender, Licensed Correspondent Lender by the NJ Department of Banking and Insurance. Registered Mortgage Broker-NYS Banking Department, loans arranged through third party providers, Licensed Correspondent Lender by the Connecticut Department of Banking, Licensed Correspondent Mortgage Lender by the Pennsylvania Department of Banking, Licensed Correspondent Lender by the Florida Office of Financial Regulation. Licensed by the DOC under the California Residential Mortgage Lending Act. Any information provided to Regional Reverse Mortgage is considered confidential. © 2010 RegionalReverse.com - All Rights Reserved. | Licenses and Disclosures