SilverLeaf 365: Reverse Mortgage

Interview and Selection Service

Home Equity Conversion Mortgages (HECM), known familiarly as “Reverse Mortgages,” are specialty mortgage products that are a bit of a mystery to many people. Like a lot of financial products about which little is known, HECMs are a source of skepticism and thus, hesitancy, for many people. A good deal of this skepticism arises from the fact that Reverse Mortgages are only available to people 62 and older, so most people never even really hear about this product until they are at a later stage in life.

The truth about Reverse Mortgages, however, is that they were designed specifically for the benefit of senior citizens, and they are closely monitored by the United States Government.

Some of the advantages of this product are:

  • You have no more monthly mortgage payments

  • You can take cash out either as a lump sum OR as a line of credit…and because it is YOUR equity, the cash you take out of your home is not considered income and therefore there are no taxes imposed on the cash you take out.

  • If you were to pay off some of your other debt with a portion of the loan proceeds you could have virtually 100% of your monthly income available for yourself (rather than for paying debt)

We work with a network of Reverse Mortgage specialists, so you can find out quickly, at absolutely no cost whatsoever, what your options are, and what you the pros and cons of each option are, so you’re prepared to do whatever you want to do.

Please fill out the form below; there is no cost for this referral service, and we will provide you with a direct referral within 48 hours based on the information provided.