Do you know anyone looking for a smart way to retire?
HECM (Home Equity Conversion Mortgage) reverse mortgages help qualified homeowners age 62 and older unlock a valuable retirement asset: home equity.
Instead of selling or refinancing with a traditional mortgage, a reverse mortgage allows qualified borrowers to access a portion of their home’s equity without giving up any ownership of the home*. Plus, the borrower isn’t required to make monthly principal or interest mortgage payments**. (Sounds like a win-win to us.)
Ready to see how a reverse mortgage could benefit you (or someone you know)? Contact a Movement loan officer today!
*Qualified borrowers only. An underwriter will review but not limited to, credit history, property charge history, and residual income to ensure the loan is likely to be a sustainable solution for the household. **Borrower is required to pay all property charges, including, but not limited to, property taxes, insurance and maintenance.
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