Myths about Reverse Mortgages
The lender will own your home - FALSE!
You and your family or your estate continues to retain ownership of your home. The Lender does not take control of the title. The lender's interest is limited to the outstanding loan balance.
Reverse Mortgage lenders just want to sell your house - FALSE!
Our lenders are in the business of helping you keep your home and meet whatever financial needs you may have in order to help you maintain financial independence. Reverse Mortgage borrowers may remain in the home for as long as they wish. However, should they decide to sell the home for any reason, the loan would then become due and payable.
Your heirs will be saddled with the loan - FALSE!
The Reverse Mortgage is a non-recourse loan. This means that the lender can only derive repayment of the loan from the proceeds of the sale of the property.
Free Reverse Mortgage Quote and Analysis
Reverse Mortgage Nation will provide you with a no-cost, no-obligation, Free Reverse Mortgage quote. We will only need basic information about you and your property and will be able to offer an instant estimate and analysis regarding a Reverse Mortgage.
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