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Maine Reverse Mortgage Directory
Maine Reverse Mortgage Specialists
Welcome to the Maine reverse mortgage directory. We are currently accepting listings in our Reverse Mortgage Directory for each state.If you are a Maine reverse mortgage broker or reverse mortgage lender, please Contact Us for listing details and costs. Senior Reverse Mortgage Online is a national Reverse Mortgage Referral Service, as well as a national provider of reverse mortgages. Feel free to request your free Reverse Mortgage Quote online today.
About Reverse mortgages in ME
If you are a Maine resident and are seeking information on the Maine reverse mortgage, then this page is for you. Maine reverse mortgages were created for seniors, age 62 and over. Maine reverse mortgages allow you to draw funds from your homes euity, without paying those funds back, so long as you live in your home. The Maine reverse mortgage offers Tax Free Retirement Income that does not have to be repaid in your life time (again, as long as the home is your primary residence.) Some features and benefits of the Maine reverse mortgage can be found below.
Maine 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
Maine 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.
