Reverse Mortgage
A reverse mortgage is an FHA insured loan that is specifically designed for homeowners, age 62 and above, that allows you to convert a portion of the value of your home into tax-free money*, without ever having to sell your home, give up title or obligate yourself to a monthly mortgage payment.
Reverse For Purchase
This is an FHA program that allow people age 62 and over to buy a new home. This program works just like any other mortgage used to buy a home except that with a reverse mortgage the buyers do not have to obligate themselves to a monthly mortgage payment.
