A Home Equity Conversion Mortgage (HECM) is a federally insured loan by the FHA¹ offered to seniors age 62+ years. As a home-buyer this loan product may be just want you want to purchase your ideal retirement home. Revolution Mortgage's Retirement Resource Group is here to answer all of your questions!
Contact us today to see if you qualify!
T2 Financial LLC dba Revolution Mortgage is an FHA Approved Lending Institution. Reverse mortgages are loans offered to homeowners who are 62 or older who have equity in their homes. The loan programs allow borrowers to defer payment on the loans until they pass away, sell the home or move out. Homeowners, however, remain responsible for the payment of taxes, insurance, maintenance and other items. Nonpayment of these items can lead to a default under the loan terms and ultimate loss of the home. FHA insured reverse mortgages have an up front and ongoing cost, ask your loan officer for details. These materials are not from, nor approved by HUD, FHA or any governing agency.