What is a Reverse Mortgage Loan?
A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence.
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- Easy Income Payment Options
- Growing Line of Credit
- Higher Closing Costs
- No Maximum Lending Limit
- For Homes Over $500,000
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- Guaranteed by FHA/HUD
- Flexible Income Payment Option
- Growing Line of Credit
- Maximum Lending Limit
- One on one service
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- Guaranteed by Fannie Mae
- No Line of Credit Growth
- Generally lower closing costs
- Maximum Lending Limit
- One on one service
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- FHA Insured Loan
- Lender Insured Loan
- Uninsured Loan
- Homekeeper Loan
- Private Cash Account
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Why Reverse Mortgage Rescue?
- EZ Approval - Great low rates
- 5 minute, online application
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- Loan decision in 15 minutes
- Money in as little as 24 hours
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