We're local right here in Severn Maryland, so we can stop by your house and meet you face to face! It's fast and easy. We have over 25 years of experience in the home lending industry. Our goal is to provide our customers a way out when their mortgage has become unaffordable or unworkable - enter: Reverse Mortgages. Reverse Mortgages are becoming more popular as the opportunity to retire is being pushed back. For Severn Maryland retirees who have paid off their house and now need additional income, HECMs provide an option that can be a way for seniors to stay in their homes while they receive financial assistance from these loans at no cost or without having them pay any interest on it.
Benefits to a Reverse Mortgage in Severn MarylandA reverse mortgage is a simple way to ensure that you'll never run out of money in retirement. If your expenses are going up, then this strategy will allow you the peace of mind and security that homeowners over the age of 62 that have significant equity need when they retire in Severn Maryland. The importance of a reverse mortgage in Severn Maryland cannot be underCAd. If you are nearing retirement and want to maintain your quality of life without having to sell off assets or take on more debt, the reverse mortgage is a fantastic solution for those who qualify. For example, say that right now your income from Social Security plus dividends is enough so that paying taxes only leaves $1K per month in discretionary funds after all living expenses have been met; but as time goes by and health conditions worsen, this will no longer suffice. It could provide additional funding while maintaining financial security - with just one less monthly payment!
What Types of Homes Severn Maryland Would Qualify for a Reverse MortgageMany people in Severn Maryland are cautious about looking into a reverse mortgage bestateuse they think it's too good to be true. There are conditions, however, this loan is legitimate bestateuse it has been regulated by HUD and is insured by FHA. If you are looking for a local reverse mortgage expert, call us. We'll give you the information to make your decision an easy one: not choosing is just as important! Reverse mortgages in Severn Maryland can help relieve some of that debt and put more money in your pocket but, like any financial product out there, they need to be used responsibly so don't forget this when considering them.
Can I Apply for a Reverse Mortgage in Severn Maryland With a Bankruptcy?Severn Maryland Reverse mortgages are a complicated financial decision that only you can make. Be wary of sales pitches, and take advantage of the support provided by third party advisors to ensure you understand all aspects before deciding on this option. The total costs must be carefully considered along with loan repayment terms so as not to get caught over your head in debt early retirement age or for any other reason! A reverse mortgage in Severn Maryland can be a good option for people who either want to move, are struggling financially or have some other reason that would make it difficult for them live in their home. However, you will need documentation like your ID and Social Security card to apply.
Call Now to Get Your Questions AnswersWith so many options available today when it comes time to take care of yourself financially during retirement years (and beyond,) it is important our money doesn't just sit around doing nothing in savings accounts or stocks- especially if we live longer than expected. A Reverse Mortgage in Severn Maryland allows us all an opportunity to continue living comfortably. If you plan to move out of your home in Severn Maryland within the next few years, this loan is not right for you. There are closing costs which you must be prepared for if you plan to leave. All applications must meet the income and credit qualifications to be considered for this loan. We want you to feel empowered with your decision. That's why we're happy to answer any questions that might come up and give you a personalized consultation about our program at no charge whatsoever! It’s important to get the best interest rates and fees for your reverse mortgage in Severn Maryland. This means you'll want to shop around, contact different lenders, and compare quotes from them in order find which one is right for you.
We consult with clients in these locations too: Fort Meade, Odenton, Jessup, Glen Burnie, Ferndale Many people considering a reverse home loan would like to work with somebody that is local. There’s no need to use a mortgage company online when it’s possible to meet directly through someone in Severn.