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Delaware Reverse Mortgage Directory
Delaware Reverse Mortgages - MetLife Bank
MetLife Reverse Mortgage Consultant
As a Regional Sales Manager for MetLife, Sam brings a wealth of real estate, insurance, and mortgage knowledge to his role as a reverse mortgage consultant... Read More
Sam Draper
Reverse Mortgage Consultant
Metlife Bank, N.A.
Toll Free: 1-888-544-9369 | Mobile: 240-478-0273 | Fax: 518-953-1601
Email | Website
Delaware Reverse Mortgage Specialists
Welcome to the Delaware reverse mortgage directory. We are currently seeking reverse mortgage lenders from Metlife, Bank of America, Wells Fargo and others. We are currently accepting listings in our National Reverse Mortgage Directory. If you are a Delaware reverse mortgage broker or reverse mortgage lender, please Contact Us for listing details and costs.
Understanding Delaware Reverse Mortgages
Many Delaware residents may not know they are eligible for the Delaware reverse mortgage with no credit qualifying, no income requirements, and no hassle. The Delaware reverse mortgage directory is happy to present this information to better help you understand this type of loan. A Reverse Mortgage is a home loan created by the US government to aid seniors during the retirement years. Delaware reverse mortgages are run by the HUD and are insured by the FHA, assurng that you will never owe more on the loan than what your home is worth. Delaware reverse mortgages allow you to convert some of the home's equity into cash. The equity proceeds can be paid to you, the borrower, in one large lump sum, in monthly payments, or they may be held in an interest bearing account until the funds are needed. Please see below for additiona Delaware reverse mortgage information.
Delaware 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
Delaware Reverse Mortgage Requirements
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Revere Mortgage Resources
We do not make loans. If there is not a licensed representative in your area feel free to inquire with HUD, or the mortgage regulatory body in your state for more information on reverse mortgages. You may also contact the National Reverse Mortgage Lenders Association, or "NRMLA" for a licensed representative in your state.
