Did you know that Reverse Mortgages…
- Are Non-Recourse Loans
- Allow homeowners keep all future appreciation, no equity sharing
- Are insured through the Federal Housing Administration (FHA)
- Allow borrowers to have no limit as to how long they can stay in the home
- Protect the borrower and the estate through safeguards – Mortgage Insurance Premium (MIP) – to ensure the amount owed on the loan can never be more than the value of the home at the time of sale
All great benefits, right? Connect with your Plaza Account Executive to learn more, send a reverse loan scenario or email reverse@plazahomemortgage.com and get a full reverse pre-qual analysis!
