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The Reverse Mortgage process is NOT complicated

The HUD/FHA rules are easy to follow and offer guarantees to the home-owner.

  • HUD Program/ FHA Insured, an advance of equity.
  • The age of the home-owners must be 62 or older.
  • HUD/FHA offers home-owners a percentage of equity, based on age of younger borrower, appraised value of home, and current interest rate. (Note: the older the home-owner, the more received.
  • The property must be the homestead and permanent residence.
  • The equity funds you receive are NON-TAXABLE.
  • Home-owner makes no monthly mortgage payments on a Reverse Mortgage, until the home is sold, move away permanently, or all borrowers pass away.
  • Reverse Mortgage can pay off an existing mortgage.