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Scottsdale Reverse Mortgages
Scottsdale Reverse Mortgage Specialist
Howe Mortgage - Scottsdale, AZ.
Scottsdale Reverse Mortgage Specialist
William Howe is a local Scottsdale Arizona Reverse Mortgage Specialist. He offers consultation and a personal level of service that is unmatched in the industry. Contact Howe Mortgage for all your Scottsdale reverse mortgage needs.
William Howe - Scottsdale Reverse Mortgage Specialist
9414 E San Salvador Dr #236
Scottsdale, AZ 85258
Tel - 602-200-8100 | Fax- 480-668-3769
Email | Website
Reverse Mortgages in Scottsdale
If you are a resident of Scottsdale and are looking for a Arizona Reverse Mortgages then please read on. This page contains information on the Scottsdale 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 Scottsdale reverse mortgage 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. With a Scottsdale reverse mortgage, 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. This makes it a good source of Tax Free Retirement Income. Additional benefits and highlights of the Scottsdale reverse mortgage are listed below.
Scottsdale 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
Scottsdale Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Scottsdale Reverse Mortgage Loan Amount
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 Scottsdale, 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.
