Retire Better with a Reverse Mortgage
A large number of retirees are utilizing the reverse mortgage for tax-free cash and no mortgage payments ever!
You can explore the possibilities of a Reverse Mortgage by completing this form. We’ll show you what’s possible!
What is a Reverse Mortgage?
A reverse mortgage, or HECM (Home Equity Conversion Mortgage), is a way to turn the equity in your home into tax-free cash without having to make any monthly mortgage payments. Instead of monthly payments, the loan is repaid in one lump sum when the last borrower leaves the home. As part of the loan, the borrower is required to continue paying property taxes and insurance and maintain the home. Already used by more than half a million households across the United States, a HECM reverse mortgage is a government-insured loan that enables seniors to gain financial independence from their ever-increasing living expenses.
Enjoy your retirement
Enjoy your retirement! With a reverse mortgage, you get peace of mind, relieve stress, catch up on bills, and make a solid plan for the future. Or click the learn more button and get a free guide that will answer all your questions guaranteed.
How do I Qualify?
- Be 62 years old or older
- New home must be your primary residence
- To buy a new home, you'll need a substantial down payment.
*Must be 62 years or older to qualify. Borrower must have a minimum percentage of equity in the home to qualify. Other terms and conditions may apply.
Retire better with a reverse mortgage
Your home can pay you with the help of a reverse mortgage. It allows older homeowners to convert their home equity into tax-free cash! You can receive the loan disbursement amount in a lump-sum or choose to be paid in monthly installments.
What are the Benefits of Getting a Reverse Mortgage?
- There will be no monthly mortgage payments
- The proceeds of the loan are tax-free
- There is no penalty for paying it off in advance
- Credit criteria are limited
- Additional discretionary cash
- You have the option to sell the house whenever you choose
Retire Better
Your home can pay you with a reverse mortgage
Sun American Mortgage is a pioneer in the reverse mortgage industry having done the very first HECM in the southwestern U.S. in 1989. Our in-house team of mortgage experts can help you position yourself for a safe and brighter future without any stress or tension regarding finances. You can make an informed decision and effectively convert home equity into tax-free cash. You’ll no longer have to worry about making monthly mortgage payments. Every one of our financial planner partners highly recommends the reverse mortgage to all their 62 years or older clients.
Contact Sun American Mortgage today to make the most out of your home equity with a reverse mortgage in Mesa.
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