Get a FREE quote on a Reverse Mortgage & find out how much you qualify for.
Reverse mortgages are loans that use home equity to offer homeowners more financial freedom and flexibility. These loans are for homeowners aged 62 and older and can be used to eliminate monthly mortgage payments.* They can also provide extra cash to help pay for other expenses like travel, medical care and home repairs or anything the homeowner wants.
*Borrower must continue to pay property taxes, homeowners insurance and maintenance costs.
Let’s Start a Conversation!
Answer the questions below for help deciding whether a reverse mortgage is right for you.
If you answered "Yes" to any of these questions, come talk to us about getting a reverse mortgage.
At Primary Residential Mortgage, Inc., we offer a specific type of reverse mortgage called a HECM. HECM stands for Home Equity Conversion Mortgage. It is an FHA mortgage that is federally insured, which means it offers borrowers more protection than a non-HECM loan.
Homeowners can now use a HECM to purchase their primary residence. This loan lets you combine a HECM with the proceeds from the sale of a previous home or other assets to purchase a new home while eliminating monthly mortgage payments.*
*You still pay taxes, insurance, HOA fees and home maintenance.
Talk with one of our team members
Attend reverse mortgage counseling
Complete the loan application and provide your Loan Officer with requested documentation
Your loan file is analyzed by underwriting
The loan is closed and funded, and you're all done!
Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:
