When you decide to access money using your home, it's a big step. You can trust us to find the program that's best for you.  Financial Independence Mortgage specializes in providing seniors with the financial resources to enjoy life.

What is a Reverse Mortgage and how can it help me?

A Reverse Mortgage is a special type of home loan that lets a homeowner convert the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to the homeowner in a number of ways: in a lump sum, in a stream of payments, or as a supplement to Social Security or other retirement funds.

But unlike a traditional home equity loan or second mortgage, with a reverse mortgage repayment is not required until the borrowers no longer use the home as their principal residence.  As long are you remain living in your home you will not be required to repay the reverse mortgage.

Reverse mortgages do not require income and credit information to qualify since you will not be making any monthly payments.  Qualifying is based on your age and property equity.

Reverse mortgage proceeds can be used for anything you wish.  Many seniors use their money to take vacations, pay off their existing mortgage and other bills, pay for healthcare and prescription drugs, and even helping their family members with college tuition or home purchases.  The possibilities are endless.

Call us or email today and order our FREE Video DVD that helps explain Reverse Mortgages further.