Reverse Mortgages are Safe for You and Your Heirs

A Reverse Mortgage is Safe for You

The Reverse Mortgage industry is heavily regulated by the Federal Government. (This hasn't always been true.)

You will maintain ownership of your house as long as you continue to live there, pay your property taxes, and keep the property maintained.

Even if the amount you owe exceeds the value of the property, you still keep the house. This is where the government (FHA) insurance kicks in, to protect your ability to stay in the house and to protect the lender's interest as well.

A Reverse Mortgage is Safe for Your Heirs

Neither you nor your heirs will ever have to pay back more than the home is worth. A Reverse Mortgage is a non-recourse loan. The lender cannot seek any repayment beyond the value of the house.

Still Have Concerns?

The decision to take advantage of a Reverse Mortgage is a big decision, and you are wise to be cautious. We encourage you to educate yourself, do your research, and study the materials produced by AARP. In addition to that, it may help you to talk to one of our Reverse Mortgage consultants. To request a free, no obligation consultation, simply provide some basic information and we will contact you at a time that is convenient for you.