Is a reverse mortgage safe?

Hello. We are Direct Lenders of Reverse Mortgages and located in Miami. We actually specialize in Reverse Mortgage and would love to answer any and all questions you may have. Please give me a call at 954-496-5351. Thank you.

You must speak with a professional so that you can have your questions answered. You must still qualify for the Mortgage but in a different way. Usually FICO doesn't matter. It does not affect Health Benefits. You must be over 62 and have equity in the home. You can take a lump sum or you can get a line of credit. I lend in all States. I hope this helps. You can email me at rconstantine@myhsoa.com for more info. Take care. RC

Hi Scott, Reverse Mortgages are different today than they were before FHA took over them. In the old days people would say "The bank gets my house". That is not true today, because in the old days some lenders actually put their name on the title to share in the growth of the equity of the home. Today that is illegal to do. What Reverse Mortgages are for is a way for seniors to stay in their homes until they die and when they are done the heirs sell the home and get the rest of the equity in the home. For more information go to my website: http://loanofficers.50stateslender.com/gary/reversemortgages.html