Kentucky and Indiana residents can trust us to provide timely up to date information and rates for reverse mortgages services.
If you’re 62 years of age or older you may be able to qualify for a reverse mortgage, and we recommend contacting us for reliable information and advice. After all there are a lot of things to consider when determining if this is the proper route one should take, it’s a big step and should be looked at from all angles.
What are Reverse Mortgages and how do they work?
They’re loans available to senior citizens that allow them to get the equity built in their homes payed to them in monthly payments or one lump sum from a lender. Generally the money isn’t paid back until the home owner sells, or moves from the home or passes away (death).
What are some alternatives to reverse mortgages?
Generally a standard home equity loan would be the top recommended alternative to obtaining a reverse mortgage. We recommend senior citizens contact us to discuss any and all options for the best mortgage rates in Kentucky and Indiana before considering taking out a reverse mortgage on their homes.
Due to the structure of reverse mortgages and the complications involved with setting them up we always provide free counseling to potential clients that are considering this option. To learn more call us at our phone number listed here or feel free to fill out our CONTACT US FORM here on our site, and we will get contact you.