Reverse Mortgages

Reverse MortgagesReverse MortgagesReverse Mortgages

Reverse Mortgages

Reverse MortgagesReverse MortgagesReverse Mortgages
More

Home Equity Conversion Mortgages for Seniors

Home Equity Conversion Mortgages for SeniorsHome Equity Conversion Mortgages for SeniorsHome Equity Conversion Mortgages for Seniors

Get the guidance you need!

Contact Us

Home Equity Conversion Mortgages for Seniors

Home Equity Conversion Mortgages for SeniorsHome Equity Conversion Mortgages for SeniorsHome Equity Conversion Mortgages for Seniors

Get the guidance you need!

Contact Us

Services

Reverse Mortgages

Learn all about the Home Equity Conversion Mortgage 

commonly referred to as a "Reverse Mortgage."

  • How does it work, and can I qualify for one?
  • Can I use this loan to buy a new home?
  • How will this type of financing affect my heirs?

Straight Talk

In the comfort of your own home I will explain in plain language how a Reverse Mortgage works.  I will give you the "good and bad" and help you decide whether this product is right for you.  If you have family members with concerns, I would be glad to talk to them as well.  The information is free and you're under no obligation to proceed with an application.

Fast Facts About a Reverse Mortgage



  • ★  You will continue to own your own home. The bank does not take title to your home. The deed and title remain in your name.
    ★  No monthly mortgage payments are ever required with a reverse mortgage. You will continue to be responsible for taxes and insurance on your home.
    ★  There are normally no out of pocket expenses to close on the reverse mortgage with the rare exception sometimes being mobile homes and rural property.
    ★  There are no limitations on how the funds from a reverse mortgage can be used. If you have an existing mortgage and you have enough equity, it will be paid off at funding.
    ★  Social Security and Medicare benefits should not be affected because this is a loan and is not considered income. (Please confirm with your tax accountant.)
    ★  You can pay-off credit card and/or medical bills. No limitations on how the funds can be used. Investing in Annuities is not recommended.
    ★  You can sell your home if you decide to and any future appreciation is yours after the balance due on the reverse mortgage is paid.
    ★  This is a non-recourse loan for you and your heirs. This means that if the loan balance is higher than what the home can be sold for, the borrowers or their estate do not have to come up with the difference. Upon your death, your heirs can keep your home by repaying the full loan balance.
    ★  Reverse mortgages are regulated and insured by the FHA.


To find out how a Reverse Mortgage can work for you, contact me for a private, no obligation consultation.

Affiliated with:    www.lonestarreversemortgage.com

Disclaimer (pdf)

Download

Contact Meli Van Natta

Send Message

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

M. E. Van Natta - NMLS ID:387566

Lone Star Reverse Mortgage - NMLS ID: 769381

Any Day by Appointment

Reverse Mortgages

Copyright © 2022 Reverse Mortgages - All Rights Reserved.

Powered by GoDaddy

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept