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Reverse Mortgage Loan
Reverse mortgages are originated largely by private lenders. The most popular is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration, an arm of the U.S. Department of Housing and Urban Development (HUD). More than 40,000 HECMs have been made since 1989. Other types of reverse mortgages are the Fannie Mae Home Keeper loan and two jumbo reverse mortgage products developed by Financial Freedom Senior Funding Corporation of Irvine, CA. The HECM and Home Keeper loans are available in every state.
Deciding to take a reverse mortgage is an important decision. The next important decision is choosing your reverse mortgage lender. We appreciate you considering us and hope you will give us a call at 1-888-973-8377 or send us an e-mail.
Reverse Mortgage Lending Experts
- We specialize in reverse mortgages.
- We are a direct lender for the FHA-HECM (Home Equity Conversion Mortgage) and provide ongoing servicing.
- Our processing team consists of experts in FHA guidelines, escrow, title, trusts, HUD appraisals and most importantly, helping our clients.
Lender will never own your home
You retain full ownership of your home when you obtain a reverse mortgage. As with any mortgage, the lender has a loan against your property.
Since you make no monthly payments the loan balance increases over time. When the loan is repaid the borrower or their heirs pay off the loan balance, which consists of the financed closing costs, the cash advanced from the reverse mortgage and the interest that has accrued. The remaining equity stays with the homeowner or their heirs.
RTG Reverse Mortgage
RTG Consultants is affliated with a licensed and HUD approved reverse mortgage lender, we will answer any questions and assist you through the process. Our lender is a proud member of the National Reverse Mortgage Lenders Association.
Free Reverse Mortgage Analysis
We will gladly do a free reverse mortgage analysis for you with no obligation or restrictions. We can be reached via phone or email.
Contact us here.