Here at The Reverse Mortgage Group we feel it is critical to meet with our clients face to face. We come to your home, spend time talking about what you hope a reverse mortgage will do for you and your family. This face to face meeting is critical to the success of your reverse mortgage closing, and even more importantly, to the long term success of your reverse mortgage.
Our focus is to insure you have all the information you need to make an educated decision about whether a reverse mortgage is right for you. A reverse mortgage is a big deal and it is a big concept. The first step is education and determining your goals. Only then can you decide whether it is right for you.
Our focus is to insure you have all the information you need to make an educated decision about whether a reverse mortgage is right for you. A reverse mortgage is a big deal and it is a big concept. The first step is education and determining your goals. Only then can you decide whether it is right for you.
Services
Since 2008, The Reverse Mortgage Group has focused 100% of its time and attention on working with seniors to provide educational information on today's reverse mortgages. With over 25 years working in the mortgage industry, Beth Miller-Rowe realized in 2008 that in order to provide the best possible service to seniors, she had to make a choice.
If you home is worth more than $800,000, please follow the steps below and we will reach out to you with accurate calculations. This calculator does not approve you for a loan and is not an offer to make a loan to you. The estimates are based on the average current interest rate for a Home Equity Conversion Mortgage.
A Home Equity Conversion Mortgage (HECM) is the formal name of the federally-administered loan that many commonly refer to as the 'reverse mortgage' loan. The Home Equity Conversion Mortgage is administered by H.U.D. (The Department of Housing & Urban Development) and may help qualified homeowners 62 and older enhance their cash flow during retirement.
Do I have the financial resources to help my parents with their medical and living expenses?. What are my parents' wishes as to staying home if medical care is needed for an extended time? Will Mom and Dad use up my inheritance? While tapping into their home's value, your parents' home may appreciate in value, which could allow for some equity to be left at the end of the loan, but not always.
A reverse mortgage loan is not for everyone. We can provide detailed loan scenarios to you (with your client's permission) to help reach a decision that is aligned with the interest of all parties. We are upfront with all our clients about the advantages and disadvantages of a reverse mortgage. Proceeds received from a reverse mortgage typically do not affect Social Security or Medicare.
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