Our mission here is to educate and empower you to make informed decisions about a reverse mortgage. We do not subscribe to the "One Size Fits All" philosophy; so based on your unique situation, we provide the best options and you choose what's right for you. If it is determined that a reverse mortgage is not right for you, we will advise as such.
Prospective clients are always encouraged to invite family members to be a part of the education process and feel free to attend the Mandatory FHA Counseling session. We realize that there are tons of places you could have gone for this information, but you came here. We're appreciative that you came here.
Prospective clients are always encouraged to invite family members to be a part of the education process and feel free to attend the Mandatory FHA Counseling session. We realize that there are tons of places you could have gone for this information, but you came here. We're appreciative that you came here.
Services
Our Mortgage Loan Originators at My Reverse Options are committed to doing the "right thing" for our customers. We understand that our industry has had a less-than-stellar reputation because of unscrupulous deeds perpetrated by some loan officers and the many myths surrounding the Home Equity Conversion Mortgage (HECM) or Reverse Mortgage.
The Home Equity Conversion Mortgage (HECM) for Purchase allows seniors at least 62 years of age to purchase a home through a reverse mortgage. This can be a valuable option for seniors who need a new home that better meets their physical needs, or who wish to move closer to family members. Since this is a reverse mortgage product, monthly payments are not made on the new house.
What is a reverse mortgage? A Reverse mortgage is a loan available to seniors over the age of 62 which allows them to convert the equity in their home into cash. A reverse mortgage can also be used to purchase a home. How can I qualify for a reverse mortgage? To qualify for a reverse mortgage a borrower must be at least 62 years old, own a home, and have sufficient equity in that home.
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