A reverse mortgage is a U.S. government insured loan that entitles senior citizens 62 years old and older the ability to utilize the equity in their homes in order to supplement their retirement income. You can use these funds to take a well deserved vacation, pay medical expenses, invest in home improvements, or simply consolidate some existing debt. There are a variety of ways in which you can receive your funds and best of all, you retain the title to your home.
F.A.Q. Reverse Mortgages - click here
As of January 1st, 2009 seniors may use a Reverse Mortgage to purchase a home ! This allows seniors to benefit from using less assets to purchase & having NO mortgage payment.
How We Can Help:
If you, or someone you know, is 62 or older, owns their home with at least 50% equity it could be of significant benefit to learn about Reverse Mortgage options. It takes only a few moments to speak to one of our reverse mortgage experts. No credit check is required, in fact there is no credit qualifying requirements for a reverse mortgage! All we need to know initially is Birthdate's, Property Address, Approx. Home Value & Current Mortgage info! That is all it takes to find out how a reverse mortgage option may help.
How We Are Different:
ArcLoan will seek to educate seniors on their options. It is NOT our goal to sell someone a reverse mortgage, or to encourage anyone to use this program for investment purposes. A reverse mortgage provides some strong benefits for seniors but the pro's and con's must be properly understood and evaluated.
Our mortgage partner - Access National Mortgage offers reverse mortgage programs through its correspondent - Bank of America. Bank of America is a national leader in providing reverse mortgage programs. Access is experienced in educating and offering Reverse Mortgages to seniors 62 yrs. of age and older.
F.A.Q. Reverse Mortgages - click here
As of January 1st, 2009 seniors may use a Reverse Mortgage to purchase a home ! This allows seniors to benefit from using less assets to purchase & having NO mortgage payment.
How We Can Help:
If you, or someone you know, is 62 or older, owns their home with at least 50% equity it could be of significant benefit to learn about Reverse Mortgage options. It takes only a few moments to speak to one of our reverse mortgage experts. No credit check is required, in fact there is no credit qualifying requirements for a reverse mortgage! All we need to know initially is Birthdate's, Property Address, Approx. Home Value & Current Mortgage info! That is all it takes to find out how a reverse mortgage option may help.
How We Are Different:
ArcLoan will seek to educate seniors on their options. It is NOT our goal to sell someone a reverse mortgage, or to encourage anyone to use this program for investment purposes. A reverse mortgage provides some strong benefits for seniors but the pro's and con's must be properly understood and evaluated.
Our mortgage partner - Access National Mortgage offers reverse mortgage programs through its correspondent - Bank of America. Bank of America is a national leader in providing reverse mortgage programs. Access is experienced in educating and offering Reverse Mortgages to seniors 62 yrs. of age and older.
Key Points:
• Eliminate any mortgage payments
• You will never have to leave your home
• You continue to own title to your home
• No income or credit qualifications
• Get out of foreclosure
• No monthly mortgage payments required
• Heirs may retain ownership if desired
• All money received under program is TAX FREE
• Eliminate any mortgage payments
• You will never have to leave your home
• You continue to own title to your home
• No income or credit qualifications
• Get out of foreclosure
• No monthly mortgage payments required
• Heirs may retain ownership if desired
• All money received under program is TAX FREE
Qualification:
• Qualification is fast an easy.
• Homeowner must be age 62 or older
• Home must be primary residence
• Must have equity in home
What is a reverse mortgage?
• Qualification is fast an easy.
• Homeowner must be age 62 or older
• Home must be primary residence
• Must have equity in home
What is a reverse mortgage?