Are Reverse Mortgages Safe?

You’ve worked hard to pay the mortgage on your home. With a reverse mortgage you can receive the equity that you earned. A federally insured reverse mortgage program will help you unlock that equity by increasing your monthly income. Rest easy knowing you’re protected because with a reverse mortgage you can:

  • Access the equity in your home and stay in your home as long as you want. However, if you move, pass away or fail to pay property taxes or home owners insurance or otherwise fail to comply with the loan terms then you could be forced to sell your home or repay the loan.
  • Never owe more than your loan balance or the value of the property (whichever is lower).
  • Receive an annuity-like stream of income for as long as you, the borrower(s) remain in the home. Most borrowers elect to receive a lump-sum payment rather than the monthly payments.

Speak with one of our professionals today and learn how you can make the most of a reverse mortgage.

If you're ready to get started on your reverse mortgage apply now.

Please note: These materials are not from HUD or FHA and were not approved by HUD or a government agency.

 

Mortgage Network Solutions

2036 Foulk Rd, Suite 102
Wilmington, Delaware 19810
Phone: 302-252-0100
Fax: 302-375-6330

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Mortgage Network Solutions NMLS# 58096 (http://www.nmlsconsumeraccess.org/)

 

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Licensed States: DC #MLB58096, DE #7552, FL #MLD432, GA #22859, LA #2407, MD #11919, NJ #9958028, NC #L-153858, VA #MC-3401


Licensed by the PA Dept. of Banking #20838, Licensed by the N.J. Department of Banking and Insurance #9958028.

Reverse Mortgage Disclosures: Mortgage Network Solutions, LLC will not make any mortgage loan commitments or fund any mortgage loans under the advertised program. Borrower is required to make payments for real estate taxes and property insurance.