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Reverse Mortgages

Stimulus Plan Increases Reverse Mortgage Limits for Seniors! $625,500 Maximum Limit Extended Until 9/30/2011

What can YOU do with a Reverse Mortgage?
Convert home equity into cash Increase your monthly income Increase cash reserves	Protect your family Take cash now Peace of mind

How Much Money Can I Get?

Home Value	Okay to estimate
Mortgage Balance	Okay to estimate
Age of Homeowner
Age of Co-Borrower
Give us the Basics	We can give you the answer

Call us 1-800-579-5822 or locally at 203-775-4774

Borrower Eligibility

The government has established a few basic requirements that everyone must meet in order to be eligile for a Reverse Mortgage:

You (and your spouse) must be at least 62 years old.
Your home must have enough equity to consolidate all existing mortgages.
The type of home must be FHA-approved, such as a single-family home.

Individual lenders also have their own criteria. You can quickly find the mortgage that is best for you.

What is a Reverse Mortgage?

A Reverse Mortgage is a type of loan that allows homeowners age 62 and older to turn their home equity into cash, while still living in and owning their own home.

Do you need extra money for a single big expense, or just a little more money each month? With a Reverse Mortgage, you have the flexibility to choose how you want to be paid. You can choose a lump sum, a monthy payment, or even a line of credit.

Reverse Mortgages that conform to FHA guidelines are also called HECM loans - Home Equity Conversion Mortgages.