This Government Insured program was conceived with all good intentions! As a Home Equity Conversion Mortgage, over the years it has been met with confusion and doubt. Well, the bottom line is that new regulations make Reverse Mortgages the right solution for many people who face retirement without enough income from pensions and social security.
Some of the Requirements
- Must be 62 years of age or older
- You must continue to pay property taxes and insurance
- Homeowners’ Association Fees may be applicable
- Must maintain the Home according to HUD guidelines
Heirs Take Note!
Go over the Reverse Mortgage program with an experienced Meadowbrook licensed mortgage professional. You may be surprised to find that this program can provide your loved ones with cash during retirement while still preserving a valuable inheritance.
It all begins by speaking with a Meadowbrook mortgage expert. This is someone with thorough knowledge of the financial programs and with the ability to present you with a host of options. Just take a moment to fill out the quick form on the right and we’ll take it from there.
Congratulations, and welcome to the Meadowbrook family.