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A reverse mortgage specialist with years of experience, Gary with First Choice Mortgage is ready to answer your questions. In fact, he built the website Home Pays Me as an informaional resource for web visitors like you. Contact Gary today for additional information.
Gary Zimmermann - First Choice Mortgage
1400 Merrill Avenue, Suite 2
Wausau, Wisconsin 54401
Tel - 877.326.5626 | Fax - 262.522.0545
Email | Website
Reverse Mortgages in Wausau, WI.
If you are a resident of Wausau, WI. and are looking for a Wisconsin Reverse Mortgage then please read on. This page contains information on the Wausau reverse mortgage. Senior Reverse Mortgage Online is a national provider of reverse mortgages, and offers loans in each city across the state. We also act as A Reverse Mortgage Referral Service, so if you prefer to work with someone in your immediate area, you can do just that. You are welcome to contact the above specialist in your area. First though, please read on for additional information. Benefits and highlights of the Wausau 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 Wausau 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 for More Retirement Income. Additional information on the Wausau reverse mortgage is listed below.
Wausau 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
Wausau Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Wausau 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 Wausau, WI. 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.
