Michigan Reverse Mortgages

About Reverse Mortgages in MI

At Senior Reverse Mortgage Online, Michigan reverse mortgages are our specialty. We do not process traditional mortgages, or sell insurance (because our product is completely different.) As a dedicated reverse mortgage company, we pride ourselves on satisfied customers! Our dedication and commitment allows us to provide you with a more personalized level of service. If you are in the market for a Michigan reverse mortgage we look forward to assisting you. The Michigan reverse mortgage is a home loan that allows seniors to borrow a percentage of the euity in their homes without that money back, so long as they live in the home. The reverse mortgage product was created to assist seniors during retirement. Michigan reverse mortgages were created by HUD (Department of Housing and Urban Develepment) and are insured by the FHA (Federal Housing Administration) so they are completely safe. Please read on for some additional information regarding reverse mortgages in Michigan.

Michigan 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

Michigan 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

Michigan Reverse Mortgage Payment Options

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

Senior Reverse Mortgage Online is a Reverse Mortgage Company, and a national provider of reverse mortgages. Reverse mortgages are all we do. Please contact us today to discuss the Maine reverse mortgage. To begin, please request your Reverse Mortgage Quote. If you feel the loan is for you, we will send you a Reverse Mortgage Application and lead you through the loan process easily and quickly.

Michigan Reverse Mortgage Resources

We are pleased to offer the reverse mortgage across the great state of Michigan. Below are just some of the Michigan cities we proudly service.