A reverse mortgage provides a number of advantages to older adults who would like to receive a monthly payment on a home that has a majority of equity or is paid off completely. Reverse mortgages allow for you to enjoy the benefits of retirement while not having to worry about making the payment.

Let us show you how your home can pay you so you can relax and enjoy your life with out the worry or hassle of mortgage payments. We also offer a reverse mortgage purchase option. Always wanted to live in your dream home but didn't think you could afford it? Well with this program we can show you how to accomplish this. Certain equity and age requirements do apply so call today or apply now and let us show you the path to our Reverse Mortgage Program.

Reverse Mortgages (also called home equity conversion loans) enable homeowners above 62 years of age to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender. You can even use this program to purchase a new dream home to live out your years with no payment. Call one of our qualified mortgage consultants to find out more about your options.

Most reverse mortgages require you be at least 62 years of age, have a low or zero balance owed against your home and maintain the property as your principal residence.

Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value. Let one of our highly trained staff at Security Mortgage Lending see how this program may work for you.

Apply Now! Chat with us live, or give us a call for more detailed information today.