What is a Reverse Mortgage?
A Reverse Mortgage loan is a unique, FHA (government-insured) loan that allows eligible homeowners 62 years and older to convert a portion of their home’s equity into cash without having to make monthly mortgage payments.
With a Reverse Mortgage loan, you can use your loan proceeds to:
- Pay off your existing mortgage
- Improve your monthly cash flow
- Make home improvements and more!
Myths and Realities about Reverse Mortgage
As with many financial products, Home Equity Conversion Mortgage (HECM) loans can be complicated and there may be a number of misconceptions about how the product works. Do you know the myths vs. the realities?
If you would like more information or you are ready to apply for a Home Equity Conversion Mortgage (HECM) loan with Tri Counties Bank we are here to help.
NMLS #458732
This page was not issued by HUD or FHA and was not approved by the Department or Government Agency.
Get Started
Speak with a Home Mortgage Specialist
Call: 1-877-822-5626
In a Hurry?
Fill in this Quick Online Form and we will arrange a time to speak with you when you have more time.
