A Reverse Mortgage is a special type of loan for homeowners age 62 years and older.
This type of loan allows homeowners to access a portion of their home equity as cash; you receive money from the lender as a lump sum, fixed monthly payment, or line of credit.
Unlike a forward mortgage—the type used to buy a home—a reverse mortgage doesn’t require the homeowner to make any loan payments.
Great option for
- Homeowners who could benefit from additional income in their retirement years
- Homeowners who are encountering significant costs late in life
- Homeowners that are 62 or older
- Homeowners that have considerable equity in their home
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As your ally on the homebuying quest, M300 makes the process easy, clear, and enjoyable. You’re invited to apply and begin the journey with us - there are no commitments.