Getting a Reverse Mortgage in Arizona
What is a Reverse Mortgage?
How can a Reverse Mortgage help you?
How can a Reverse Mortgage help you?
A Reverse Mortgage in Arizona is a type of home loan for seniors ages 62 and older. A reverse mortgage allows an eligible homeowner to convert their home equity into cash income with no monthly mortgage payments. It doesn't necessarily mean it's a good fit for a everyone, but it can be a good option for some eligible homeowners.
How can a Reverse Mortgage help you?
How can a Reverse Mortgage help you?
How can a Reverse Mortgage help you?
If you are a qualified eligible reverse mortgage candidate, there are a lot of ways that a Reverse mortgage can help you:
- No debt-to-income ratios
- Not restricted on how to use the loan proceeds and its non-taxable funds.
- Stay in your home without the inconvenience of moving or relocating.
- Retain your Savings and improve your monthly cash flow.
- No FICO qualification
Reverse Mortgage Requirements
How can a Reverse Mortgage help you?
Reverse Mortgage Requirements
If you are curious about whether you qualify for a reverse mortgage in Arizona, here are a few standard qualifications that we as a specialized reverse mortgage loan team would look at:
- One borrower must be 62 years of age or older
- Do you a significant amount of equity in your home?
- Are you, the borrower, about to pay taxes, insurance, HOA (if applicable)
- Borrowers can own their home outright
Your Complete Guide to Reverse Mortgages
Download our free printable version of our Complete Guide to Reverse Mortgages.