Reverse Mortgage Stabilization Act
Calculate Your Benefits Under New Rules
Reverse Mortgage Stabilization Act. Under the new rules, the maximum amount borrowers can withdraw is about
15 percent less than before changes, and they can only withdraw up to 60% of loan value during the first year.
What is a Reverse Mortgage? A low-interest federally insured loan that allows senior homeowners to convert a portion of the equity in their home
into tax-free cash.
How Reverse Mortgages Work.
You can receive a lump sum tax-free cash payment, monthly payments, line of credit, or a customized plan of all options to fit your needs.
Can I get a Reverse Mortgage if I have a mortgage?
Yes, most senior homeowners use the Reverse Mortgage to pay off their current mortgage.
Reverse Mortgages Require No Monthly Payments.
You are responsible to maintain your home, pay your real estate property taxes and carry homeowners insurance for the life of the loan.
Empowering Seniors Corporation, LLC. is not a lender or a broker. Information you provide is
not an application for a loan.
Your Privacy: If you should request information from our site, you are consenting to be contacted by only one HUD/FHA Approved Reverse Mortgage Consultant by email or telephone, even if you have previously listed yourself on any Corporate, State or Federal "Do Not Call List".