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Reverse Mortgages in Edison, NJ
Edison Reverse Mortgage Specialist
MetLife Reverse Mortgage Specialist
Originally from the UK, Mark has lived here for 22 yrs now, and loves it. Mark is a New Jersey reverse mortgage broker, but is able to service all 50 states. He is also a proud member of the NAIPC (National Aging In Place Council.) He provides an excellent level of service and is available to answer any reverse mortgage questions... Read More
Mark Draper - Reverse Mortgage Specialist
501 Route 22 West
Bridgewater, NJ 08807
Tel - 732-318-4162 | Toll-free - 800-607-0366
Email | Website
If you are a resident of Edison, NJ. and are looking for a New Jersey Reverse Mortgage then please read on. This page contains information on the Edison reverse mortgage. Senior Reverse Mortgage Online is a national provider of reverse mortgages, and offers loans in each city across the state. Benefits and highlights of the Edison are listed below
A reverse mortgage is a federally-insured home loan that lets a homeowner convert a portion of the home's equity into cash. The equity can be paid to you, the borrower, in one large lump sum, in monthly term or lifetime payments, or be retained in an interest bearing account until the funds are needed. Unlike a traditional home equity loan or second mortgage, NO REPAYMENT of the loan is necessary, so long as the borrower lives in the home.
Edison 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
Edison Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Edison Reverse Mortgage Loan Amounts
The amount of a reverse mortgage loan is based on several factors.
- >> Age of the youngest borrower
- >> Value of the home
- >> How much is owed on the home (if any)
- >> Current interest rate
To learn more about reverse mortgages in Edison, NJ., please request a free Reverse Mortgage Quote online. There is no obligation, and the information is free. You may visit the following link to return to the Senior Reverse Mortgage home page.
