Senior Reverse Mortgage Online

Reverse Mortgage Referral Service

Senior Reverse Mortgage Online.Com is a national reverse mortgage referral service. We know that people feel comfortable doing business locally, so we provide reverse mortgage referrals, listings of local reverse mortgage providers across the country. We are in the process of building a comprehensive Reverse Mortgage Directory. You can search for HUD approved lenders in all 50 states.

Senior Reverse Mortgage Online is also website resource for reverse mortgage information, downloads, and related links. You'll be able to learn what a reverse mortgage is, find out if it's right for you, and request a customized reverse mortgage quote. Please save this page as a favorite, or bookmark it using the link at the bottom of the page, to return easily in the future.

Senior Reverse Mortgage Benefits

>> The money you receive is tax free income
>> No payments as long as you live in the home
>> No credit or income requirements
>> Reverse mortgages are supported by AARP
>> Reverse mortgages are insured by the FHA

Senior Reverse Mortgage Online is committed to providing unbiased advice and information on the reverse mortgage product. A reverse mortgage is not right for every senior, but it may be right for you. If there are Reverse Mortgage Alternatives that might be a better fit for you, that's what we will suggest. Our goal is simply to provide you with free information about reverse mortgages, associated fees, restrictions, interest rates and information on the required Reverse Mortgage Counseling. We also hope to provide you a free, customized, reverse mortgage quote. That way, you can decide for yourself if a senior reverse mortgage is right for you. Contact us today to be put in touch with an expert in your area.

Reverse Mortgages Defined

HUDs definition of a reverse mortgage

"Reverse mortgages are becoming popular in America. Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash..." Read More

Senior Reverse Mortgage Qualifications

>> Borrowers must be Age 62 years or older
>> Own their home and have enough equity in to qualify
>> Occupy the home as primary residence
>> The home must be in generally good condition
>> Must meet with a certified HUD/FHA counselor

A reverse mortgage, or Senior Reverse Mortgage as it is now often called, is a source of Tax Free Retirement Income, one of the new Retirement Income Strategies, and is being touted as a financial miracle for many retirement age senior citizens. Though a reverse mortgage is not right for every situation, the benefits can't be denied. Reverse mortgages have been written up in Money magazine, by CNN, and have received other national press. AARP dedicates a significant portion of their website to reverse mortgages. See our Reverse Mortgage News page for some of the latest coverage.

If you secure a reverse mortgage, you may receive payment in one of the following ways.

Senior Reverse Mortgage Payments

>> Lump sum disbursement
>> Monthly payments
>> Line of credit
>> A combination of the Above

With gas prices still increasing, and a gallon of milk costing as much as a gallon on gasoline, it's no surprise that many seniors citizens are seeking creative ways to come up with additional funds. Proceeds from a reverse mortgage can be used however you choose, you decide based on your unique financial situation. A reverse mortgage is a safe, viable means to Supplemental Retirement Income.

Senior Reverse Mortgages Explained

Why are senior reverse mortgages referred to as "reverse" mortgages? The answer is this: a senior reverse mortgage operates in a reverse fashion from a traditional "forward" mortgage loan. With a reverse mortgage, instead of paying your lender, the lender pays you! What's more, instead of turning your income into equity, you turn your equity into income. The ability to turn your equity into income is what sets the senior reverse mortgage apart from other home equity loans and from traditional forward mortgages. It's also why the reverse mortgage loan is so appealing to retirement age seniors. Having spent years repaying the mortgage that allowed you to buy your home, you can now draw upon that equity to help you with your retirement goals. You can use senior reverse mortgage loan funds for any purpose you choose!

A Reverse Mortgage Quote

Whether you are looking for a reverse mortgage referral, or a free Reverse Mortgage Quote, Senior Reverse Mortgage Online can help. We will look at your unique situation and counsel you to determine if a reverse mortgage is in your best interest. We will refer you to a local reverse mortgage provider, who can walk you through the loan process. Contact Us today.