For many Americans retirement is a mixed blessing. On one hand it is a time to enjoy family and friends, explore special interests, cultivate new skills and enjoy living to the fullest.  But retirement years can present special challenges. All too often people find themselves in need of helping older Americans live in their home comfortably and securely by turning the equity in their home into extra cash or monthly income.

We understand that each individual's needs are unique. That's why we offer a broad selection of reverse mortgage products. Deciding if a reverse mortgage is the right thing to do is an important decision.  We encourage you to take your time, understand your options, discuss them with those you trust and feel free to contact us for assistance at any time.  We are confident we can help guide you to the solution that works best for you.  Ultimately the decision will always be yours.  We respect that and will work closely with you to help you make the most of your resources.

For many Americans a reverse mortgage can be a solid financial decision that can truly improve their quality of life.

If you are 62 years of age or older and have equity in your home, a reverse mortgage can turn that equity into cash, a line of credit, monthly income or a combination of the three. Unlike a traditional mortgage, there are no monthly payments and the proceeds are tax-free.* There is no income qualification. Best of all, you retain ownership of your home and can live there for as long as you choose.

*Consult your tax Advisor.

Q. How much money can I receive?
A. The amount of money you receive is dependent upon several factors. your age, the value of your home, current interest rates and the specific plan you choose. Your Loan Advisor can help you determine which plan best meets your needs. While each individual's situation is different, as a rule of thumb, the older you are and the higher your homes appraised value, the more money you receive.

Q. What are the costs?
A. Costs vary from one program to another. That's why we offer a variety of programs to meet a variety of needs. Most reverse mortgages, however, have costs similar to traditional mortgages such as interest charges, origination fees, closing costs, inspection and insurance.

Q. Who really owns my home?
A. You do. A reverse mortgage is a lien just like a traditional mortgage. Repayment is required when the last surviving borrower sells the house, moves away or dies.

Q. Can we make the process easy?
A. We have worked hard over the past several years to simplify the process. We believe the first step is the most important. That's when you and your Loan Advisor review your goals and objectives and come to a common point of view on which plan best meets your needs. Once you are comfortable that you are making a good decision, the process moves forward efficiently.

Q. Who should I look to for advise?
A. Decide who you trust, then discuss your intentions with them. It may be your attorney, a financial advisor, AARP, a family member or close friend. We want you to feel confident in your decision.

Q. Are there any restrictions on what I can do with my money?
A. You can use the proceeds to whatever end you choose. After all, it is your money.

HUD/FHA Home Equity Conversion Mortgage (HECM):

Government Insured Program provides cash, line of credit or monthly income subject to HUD/FHA lending limits for a fixed term or as long as you live in your home.

Fannie Mae Home Keeper:

Government sponsored Enterprise Program provides cash, line of credit or monthly income subject to the Fannie Mae lending limit for as long as you live in your home.

Financial Freedom™ Cash Account™:

Proprietary Program provides cash options or lines of credit with emphasis on higher-value homes.