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4worldlovers: If you have any questions or would like a no-obligation consultation, give me a call today at:

Please browse my website to learn about HUD's HECM (Home Equity Conversion Mortgage).

In my 23 years in the reverse mortgage business I’ve learned that many seniors have postponed or decided not to set up a reverse mortgage because they have been given some misconceptions about them. Read about Reverse Mortgage Misconceptions here to get the facts and contact me today to schedule your no-obligation consultation.

I'll prepare a "No Obligation Quotation" for you at no cost.

I'm never in a hurry, you can take all the time you want to think about it

I'll come to your home and meet with you at your kitchen table. I will not expect you to make a decision, this would be what I call a "Get Acquainted & Information Meeting". I want to make sure that I answer all your questions and that your entire family understand how the Reverse Mortgage Program works.

It's a program that's insured by the FHA that enables a senior homeowner (62+) to take a portion of their homes equity to use for anything they need:

Upgrade their home to make it senior safe and the nice part is that as long as they stay in their

This is how seniors can use their home to stay in their home.

If you have the funds available, you would pay off the reverse mortgage just like any other mortgage.

Sell the home, and out of the sale proceeds you would pay the reverse mortgage lender what you owe them, and all the remaining money goes to you.

On average a senior borrower (62+) can borrow approximately 35 to 75% of their homes equity. Any mortgage must be paid off with the available reverse mortgage money.

The amount of money that can be borrowed is based on the age of the youngest borrower.

Manufactured Homes (If you own the land and if it's located in a condo association that is FHA/HUD approved.

Whoever is in charge of your estate would sell the home and out of the sale proceeds they would pay what is owed to the reverse mortgage lender, and all the remaining money would go to the children or heirs.

4worldlovers: 2022 Finance of America Mortgage LLC is licensed nationwide | | NMLS ID # 1071 (www.nmlsconsumeraccess.org) | 1 West Elm Street, Suite 450, Conshohocken, PA 19428 | (800) 355-5626 | AZ Mortgage Banker License #0910184 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee #15499 | Kansas Licensed Mortgage Company | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker — NYS Banking Department | Rhode Island Licensed Lender | Massachusetts Lender/Broker License MC1071. For licensing information go to: www.nmlsconsumeraccess.org

Loans made or arranged pursuant to a California Finance Lenders Law license.

A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.

This is not a commitment to lend. Prices, guidelines and minimum requirements are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.

This information is provided by Finance of America Mortgage. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency.