TYPES OF REVERSE
MORTGAGES

Fixed-Rate Reverse Mortgages

Lump-sum payout

• Draw 60% of your accessible funds in the first year

• Access the maximum amount of cash to pay off large expenses

Adjustable-Rate Reverse Mortgages

Growing Line-of-Credit

• Most common Reverse Mortgage sought by seniors

• Flexible access to your Line-of-Credit

• Can be used as a standby safety-net for use with unexpected expenses

• Unused principle will increase allowing you access to more funds

Jumbo Proprietary Reverse Mortgages*

Primarily used on loans amounts exceeding FHA loan limits with a cap of 4 million in equity

• Receive the full amount at closing

• You don’t pay mortgages insurance

• Eliminate your monthly mortgage payments

*Not an FHA product

Reverse Mortgage Purchase

Opportunity for those 62 years of age and older who qualify to purchase a new home using a Reverse for Purchase

• Great for empty nester looking to downsize

• No monthly mortgage payments