Reverse Mortgage
If you are 62 years old or older, you may be eligible for a “Reverse Mortgage”. Reverse mortgages are one of the most sought after types of home loans that we offer at better loans.com. As long as your home has enough equity you should be able to qualify for a Reverse Mortgage, thats because there are no income or credit requirements for this type of home loan. The best part of a Reverse Mortgage is that you do not have to make any payments on a Reverse Mortgage, in fact your lender will make payments to you! This type of home loan is ideal for seniors who are looking to consolidate debt, supplement their existing income with this non-taxable income, while staying in the home that they love. Additionally, Reverse Mortgages are insured and backed by Federal Housing Administration (FHA) which is a division of the Department of Housing and Urban Development (HUD). For more information on A Reverse Mortgage, Please contact one of our home loan specialist today.
