Are you over 62 years old and interested in decreasing your expenses? Are you a caregiver looking for viable financial options for some of your patients? Reverse mortgages can be a great option for individuals from all walks of life. Whether you are planning an estate to leave money for heirs or you simply want to take a yearly vacation, you get the money that you need, and you get to keep living in your home. At Premier Reverse Mortgage, our qualified, experience advisers explain the ins and outs of a HUD reverse mortgage and provide tailored service for obtaining a mortgage, offering everything from a free quote to counseling resources.
What Is a HUD Reverse Mortgage?
Currently the vast majority of reverse mortgage customers select a Home Equity Conversion Mortgage or HECM. Private lenders issue the mortgages, and the Federal Housing Administration (FHA) insures them. The Federal Housing Administration or FHA is part of the Department of Housing and Urban Development (HUD) Office of Housing.
Working with an Experienced Professional
Premier Reverse Mortgage belongs to the National Reverse Mortgage Lenders’ Association (NRMLA). We must uphold their professional standards and code of conduct to keep our membership. The main product that we offer at Premier Reverse Mortgage is a HUD reverse mortgage. You will never get assigned to an adviser who has to juggle cases for multiple types of mortgages. Your reverse mortgage specialist has seen every common reverse mortgage scenario and will oversee your entire proceedings from start to finish, eliminating the risk of confusion and miscommunication.
Receive Personalized Service
There is no “one size fits all” approach for HUD reverse mortgages. There are several factors that determine how much money you are eligible to receive, including your age and the value of your home. One of our advisers will get to know you on an individual basis to figure out the best plan for your funds. For example, a single lump sum is the best option for some people while a monthly cash advance for a specified period of time is preferable for other people. You get the information that you need to make a smart decision, and we assist you with every step of the process.
As you get into your post-retirement years, it can be frustrating and even overwhelming or scary when you realize that you don’t have the money that you need to cover your basic living expenses or do the things that you’ve always looked forward to in retirement. A HUD reverse mortgage allows you to keep your home without paying principal or interest while you’re living there, providing flexibility with the funds that you receive. Working with a licensed Premier Reverse Mortgage adviser ensures that you know everything that you need to know about a HUD reverse mortgage and that you get tailored service for your specific circumstances. Download our helpful guidebooks or get in touch with us today to get started.