iReverse Home Loans

iReverse Home Loans

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    Learn the facts……
    What is a Reverse mortgage?
    You made mortgage payments for years…now get a mortgage that may take care of you.
    If you are 62 years of age or older and have equity in your home, a reverse mortgage may turn a portion of that equity into cash. You may use the money to repay your existing mortgage, then take any remaining funds as a lump sum, a line of credit, monthly cash or any combination thereof. Unlike a traditional mortgage, no repayment is required until the home is sold or the owner permanently moves out or passes away.*

    Best of all, proceeds are tax-free and you retain title to your home.*

    • We offer products insured by the Federal Housing Administration
    • You can never be responsible for more than the home is worth at time of repayment
    • Minimal upfront cost most closing costs may be financed using loan proceeds

    Call: Paul Savery
    Reverse Mortgage Consultant
    Tel: 508-380-7412 • 800-486-8786 ext 831 • eFax: 508-916-2820

    Years of Experience on the Cape & Islands
    NMLS # 810502/#404438 • Equal Housing Lender

    * There are some circumstances that will cause the loan to mature and the balance to become
    due and payable. Borrower is still responsible for paying property taxes and insurance. Credit is
    subject to age and property qualifications. Programs rates, fees, terms and conditions are not
    available in all states and subject to change.