DO YOU QUALIFY FOR A REVERSE MORTGAGE?
You most likely qualify for a reverse mortgage if you are at least age 62 and own your home with a positive equity balance. But, there are other factors that can influence your qualifications. Therefore, do not hesitate to request an in-home consultation or reach out to us to be connected with one of our experienced Mortgage Loan Originators.
Give us a call to learn more:
(800) 779-1020
Phone Call Authorization - Please Read
By submitting this estimate request form, I authorize HighTechLending doing business as Golden Heritage Financial to contact me to discuss the information submitted on the form in order to provide information about the loan, answer any questions you may have, help determine your qualification for the HECM reverse mortgage and if you’re interested help you apply for the loan even if the telephone number provided is currently listed on a corporate, state, and/or federal Do-Not-Call list(s). I understand that I am not required to give my consent as a condition of purchasing any goods or services from HighTechLending doing business as Golden Heritage Financial. I may revoke my consent at any time by contacting Samy Khoury at skhoury@hightechlending.com.
5 Important Things To Understand As You Consider A HECM Reverse Mortgage Loan
1
At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds.
2
Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees.
3
The loan balance grows over time and interest is charged on the outstanding balance.
4
The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home.
5
Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full repayment.