Did you know that with a reverse mortgage, borrowers can enjoy a multitude of benefits, including:
- No mortgage payment required
- No Pre-Pay: Make payments as desired
- Non-Recourse Loan: Never owe more than the home’s value
- Borrowers will maintain title to the home
- Borrower’s estate retains all equity
- No equity sharing: homeowners keep all future appreciation
- Funds are tax free, but always consult your tax advisor
- No limitations as to how the money can be used
- Younger spouses (under 62) are protected
- Closing costs are typically financed in the loan
In today's dynamic market, a reverse mortgage can serve as a valuable financial tool for your senior clients.
Since 2008, the Plaza Home Mortgage® Reverse Lending Division has been dedicated to providing all your HECM needs - from live and recorded webinars to marketing materials, we're equipped to offer the support and education necessary to set your borrowers up for success.
Read more about Plaza’s Reverse Lending Program or email reverse@plazahomemortgage.com.
