What Is A Reverse Mortgage?

Published: April 17, 2015

apply for a reverse mortgage A reverse mortgage is a loan product offered to homeowners 62 years of age and older. The program essentially allows to to take some of the equity out of the home as cash. Homeowners can take it as a lump sum, monthly payments or a combination of both. For more information please refer to our Blog article on Reverse Mortgages.

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Loan Type

Property Type

Property Use

Property Value

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Credit Rating

Military or Veteran

Any Bankruptcy	Any Foreclosure
Bankruptcy Time	Foreclosure Time

First Time Buyer?	Purchase Time Frame
DownPayment

First Mortgage Balance	CashOut Amount
Second Mortgage	Second Mortgage Balance

Purchase Price	Any Mortgages
Purchase Year

TotalMortgageBalance

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First Name	Last Name
Birth Date
Phone Number	Email Address

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Address	City
State	ZIP Code

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What Is A Reverse Mortgage?

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