Reverse Mortgage

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.

Reverse Mortgage

Great option for

  • Homeowners who could benefit from additional income in their retirement years
  • Homeowners who are encountering significant costs late in life

 

Borrower(s) Qualifications

  • Homeowners that are 62 or older
  • Homeowners that have considerable equity in their home

Let's power your dreams

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.