Link to this page Print RSS  

Secure Your Retirement Income with a Reverse Mortgage

Reverse mortgages are designed to provide retired seniors, who have a significant amount of equity in their home, the ability to tap this value without the obligation of repaying the debt as long as the home remains the primary residence of the borrower.

Reverse mortgage payments can be received monthly, in a lump sum, via a line of credit or a mixture of these options. Such flexibility makes it possible to tailor your payouts according to your personal circumstances.

Lender411 is here to help you fill in the gaps and provide you with a secure LoanDESK dashboard; a service platform exclusive to this website. Look around and when you're ready to initiate confidential interaction with the top mortgage lenders in your local area through your own private LoanDESK dashboard, simply launch the LoanDESK feature.

Qualifying for a Reverse Mortgage

Homeowners over the age of 62 occupying the home as their primary residence can qualify for a reverse mortgage if they participate in a consumer information seminar held by an approved HECM counselor. The property also must qualify as a single family resident (SFR), multi-family residence of 2-4 units, HUD-approved condominiums and manufactured houses that meet all FHA guidelines.

HUD (FHA) Reverse Mortgages

Due to regulations placed within the industry, all reverse mortgages are government-back HUD and FHA reverse mortgages. This means that you can take peace of mind in knowing that this is a secure and protected type of loan. The most important decisions will be made in selecting the right reverse mortgage lender who can guide you to and through the process, obtaining a favorable rate and selecting the most beneficial method of distribution of your funds.

411 LoanDESK

We invite you to ask questions using our Ask a Question feature, which allows any of our 600+ mortgage loan experts to respond. However, if you feel that your questions are best answered on a personal level or are ready to confidentially engage mortgage lenders now, we invite you to take advantage of our exclusive LoanDESK dashboard. Within the LoanDESK platform:

• You are matched to local lenders according to your specific criteria
• Matched brokers are provided with your specific loan scenario, often while keeping your personal identity anonymous
• Your questions are answered and messages are exchanged safely, securely and privately

Link to this page Print RSS