Hawaii Reverse Mortgages

Understanding HI Reverse Mortgages

It's been said that the best kind of loan is one that you don't have to pay back. Well the Hawaii reverse mortgage comes about as close to that as possible. Reverse mortgage proceeds do have to be repaid, but not in the borrowers lifetime. One stipulation is that the borrower must live in the home as a primary residence, but for most seniors, this is the desire, to retire in the home they have worked so hard to pay for. As more people are finding out, Hawaii reverse mortgages allow the home to actually pay them. See below for more rules on reverse mortgages in Hawaii.

Hawaii 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

Hawaii 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

Hawaii Reverse Mortgage Payment Options

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

We are Senior Reverse Mortgage Online, and through our lender relationships, we process reverse mortgage loans throughout the country. Please contact us today to discuss the Hawaii reverse mortgage in greater detail. We can walk you through the lending process and help determine if the Hawaii reverse mortgage might be a solution for you. To begin, please request your Reverse Mortgage Quote today.

Additional Resources

We are happy to offer the reverse mortgage across the great state of Hawaii. Below are just a few of the Hawaii cities and Islands that we proudly serve.

You may visit the following link to return to the Reverse Mortgage home page.