Understanding FHA’s Reverse Mortgages for Seniors-HECM-Home Equity Conversion Mortgage

Federally Regulated and Government Insured Program Designed for Seniors age 62 and over

Reverse Mortgages are an excellent way to access the equity in your home to pay off your existing mortgage and enjoy the peace of mind with a financially secure retirement. You can also use your proceeds to make home improvements, consolidate debt, pay for medical expenses, or simply to add to your present retirement income.

Under a reverse mortgage, you continue to own your home, with no monthly payments. This program, guaranteed by the Federal Housing Administration and funded by Fanny May, is a safe solution for your needs. With this FHA regulated program you are entitled to receive free independent counseling.

Available Cash Based on Home Value

Home Value
$100,000
$250,000
$400,000
Your Age: 62
$43,027
$118,149
$174,637
70
$51,110
$137,811
$203,005
75
$56,602
$151,023
$222,021
80
$62,427
$164,864
$241,890
85
$68,242
$178,398
$261,228


Call Kendra Pack at 248-538-7474 to learn more reverse mortgages for seniors. Visit our website at http://www.realproperty-investors.com/


Kendra Pack, licensed real estate broker and mortgage loan officer, with over 15 years experience, has assisted many people in the following areas:

Oakland County: Farmington Hills, West Bloomfield, Ferndale, Royal Oak, Oak Park, Pontiac, Waterford, Highland, Holly, Walled Lake, Holly, Rochester and more

Wayne County: Detroit, Romulus, Garden City, Livonia, Taylor, Dearborn Heights, Inkster and more.

Macomb County: Chesterfield, Warren, Utica, Eastpointe, Fraser, Macomb Twp, Richmond and more.

Genesee County: Flint, Grand Blanc and more.

All loans subject to approval, certain restrictions may apply