Michael Maly made a presentation at a seniors council meeting which resulted in a member arranging a reverse mortgage through Z Reverse Mortgage. As a thank you, Michael, made a donation to the council which that group then used to provide smoke detectors to seniors free of charge through the local fire department.
A reverse mortgage is a government-insured program that allows you to exchange a portion of your home's equity for cash. It is called a reverse mortgage because instead of you paying mortgage payments, the lender will be making cash payments to you. To be eligible for a reverse mortgage, you and your spouse must be at 62 years of age.
A reverse mortgage is a government-insured program that allows you to exchange a portion of your home's equity for cash. It is called a reverse mortgage because instead of you paying mortgage payments, the lender will be making cash payments to you. To be eligible for a reverse mortgage, you and your spouse must be at 62 years of age.
Services
Z Reverse Mortgage is a free informational resource for seniors and their families on the reverse mortgage process. We provide senior citizens with all the necessary information and assistance in order to identify the right loan programs, determine property value, and begin the process.
Z Reverse Mortgage is not a lender, but we can help you find HUD FHA approved lenders and connect you with financial institutions or lenders who specialize in reverse mortgages.If you are interested in turning your home equity into a monthly income source, please contact us today, so that we can start working for you.
Z Reverse Mortgage is not a lender, but we can help you find HUD FHA approved lenders and connect you with financial institutions or lenders who specialize in reverse mortgages.If you are interested in turning your home equity into a monthly income source, please contact us today, so that we can start working for you.
Z Reverse Mortgage spends a great deal of time giving advice and helping seniors with the reverse mortgage process. Located in Downers Grove, Naperville, and Elmhurst, Illinois, O'Flaherty Law provides above-and-beyond client service at affordable rates in nearly every area of law. Special Needs Chicago provides wheelchair accessible transportation services through the Chicagoland area for people with mobility challenges and cognitive issues.
A reverse mortgage is a government-backed loan that lets you exchange a portion of your home equity for cash. To qualify for a reverse mortgage, you and your spouse must be 62 years of age or older, have significant equity in your home, and your primary residence must be a FHA-approved property such as a 1-4 unit home or certain condominiums.
A reverse mortgage is a government-insured loan that works by trading your equity for cash payments. The program is named reverse mortgage because you aren't paying mortgage payments to the lender. Once you meet with a lender and apply for a reverse mortgage, they will be able to tell you exactly how large a payment you can receive.
Once you decide you are interested in participating in a reverse mortgage, you must first meet with a HECM counselor. The FHA requires that you receive HECM counseling before entering into a HECM reverse mortgage with a lender. A HECM counselor will help you understand the eligibility requirements and all the implications of participating in a reverse mortgage.
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