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Reverse Mortgages

Find Reverse Mortgages in your Area:

 

What is a Reverse Mortgage?

A reverse mortgage is a type of loan on a property, in which no payments are made to pay down the loan by the borrower. Reverse mortgages can be arranged on houses, townhouses, duplexes, condominiums, semi-detached homes, etc.
These mortgages were introduced in the lending market to increase monthly cash flow for retired seniors and older adults dealing with a reduced income. The loan exists on the subject property accumulating interest, and is not touched until either the property is sold, or the borrower passes away.
Reverse mortgages are arranged for seniors as long as the proper guidelines are met.  Typical requirements are:
  • Borrower must be 62 years or older in the USA, and 65 years or older in Canada
  • Borrower must keep property taxes, home owners insurance, and condition of the home in good standing
  • In Canada, the loan usually cannot exceed 75% loan to value (75% of the property’s full 
market value)
  • Interest rates tend to be slightly higher than those on regular mortgages, but comparable
  • Interest is accumulated and paid when the borrower no longer lives in the home

When a Seniors’ Reverse Mortgage Makes Sense

Reverse mortgages are an attractive finance option for seniors who seek increased monthly cash flow.  After retirement, we go from a full to partial salary which can take some getting used to.  For many seniors, maintaining a comfortable and plentiful lifestyle is important and reverse mortgages represent a feasible method to make this possible. 
 
 

Click on a Link Below to See Listings for Reverse Mortgages:


CANADA
Alberta
Calgary Reverse Mortgages
Edmonton Reverse Mortgages

British Columbia
Comox Valley Reverse Mortgages
Duncan Reverse Mortgages
Kelowna Reverse Mortgages
Vancouver Reverse Mortgages
Victoria Reverse Mortgages

Manitoba
Winnipeg Reverse Mortgages

New Brunswick
Saint John Reverse Mortgages

Newfoundland and Labrador
St. John's Reverse Mortgages

Nova Scotia
Halifax Reverse Mortgages

Ontario
Barrie Reverse Mortgages
Belleville Reverse Mortgages
Brantford Reverse Mortgages
Collingwood Reverse Mortgages
Hamilton Ontario Reverse Mortgages
Kingston Reverse Mortgages
Kitchener Reverse Mortgages
London Reverse Mortgages
Newmarket Reverse Mortgages
Oshawa Reverse Mortgages
Ottawa Reverse Mortgages
Peterborough Reverse Mortgages
St. Catharines Reverse Mortgages
Thunder Bay Reverse Mortgages
Toronto Reverse Mortgages
Vaughan Reverse Mortgages
Windsor Reverse Mortgages

Prince Edward Island
Charlottetown Reverse Mortgages

Quebec
Montreal Reverse Mortgages
Quebec City Reverse Mortgages

Saskatchewan
Regina Reverse Mortgages
Saskatoon Reverse Mortgages

UNITED STATES
Alabama
Birmingham Reverse Mortgages

Alaska
Anchorage Reverse Mortgages

Arizona
Mesa Reverse Mortgages
Phoenix Reverse Mortgages
Tucson Reverse Mortgages

Arkansas
Little Rock Reverse Mortgages

California
Anaheim Reverse Mortgages
Bakersfield Reverse Mortgages
Fresno Reverse Mortgages
Long Beach Reverse Mortgages
Los Angeles Reverse Mortgages
Mission Viejo Reverse Mortgages
Oakland Reverse Mortgages
Sacramento Reverse Mortgages
San Diego Reverse Mortgages
San Francisco Reverse Mortgages
San Jose Reverse Mortgages
Santa Ana Reverse Mortgages

Colorado
Aurora Reverse Mortgages
Colorado Springs Reverse Mortgages
Denver Reverse Mortgages

Connecticut
Bridgeport Reverse Mortgages

Delaware
Wilmington Reverse Mortgages

District of Columbia
Washington DC Reverse Mortgages

Florida
Jacksonville Reverse Mortgages
Miami Reverse Mortgages
Tampa Reverse Mortgages

Georgia
Atlanta Reverse Mortgages

Hawaii
Honolulu Reverse Mortgages

Idaho
Boise Reverse Mortgages

Illinois
Chicago Reverse Mortgages

Indiana
Bloomington Reverse Mortgages
Indianapolis Reverse Mortgages

Iowa
Cedar Rapids Reverse Mortgages

Kansas
Wichita Reverse Mortgages

Kentucky
Louisville Reverse Mortgages

Louisiana
New Orleans Reverse Mortgages

Maine
Portland Maine Reverse Mortgages

Maryland
Baltimore Reverse Mortgages

Massachusetts
Boston Reverse Mortgages

Michigan
Bloomfield Hills Reverse Mortgages
Detroit Reverse Mortgages

Minnesota
Minneapolis Reverse Mortgages

Mississippi
Jackson Reverse Mortgages

Missouri
Kansas City Reverse Mortgages
St. Louis Reverse Mortgages

Montana
Billings Reverse Mortgages

Nebraska
Omaha Reverse Mortgages

Nevada
Las Vegas Reverse Mortgages

New Hampshire
Manchester Reverse Mortgages

New Jersey
Cherry Hill Reverse Mortgages
Hamilton New Jersey Reverse Mortgages
Newark Reverse Mortgages

New Mexico
Albuquerque Reverse Mortgages

New York
New York City Reverse Mortgages

North Carolina
Charlotte Reverse Mortgages
Raleigh Reverse Mortgages

North Dakota
Fargo Reverse Mortgages

Ohio
Cincinnati Reverse Mortgages
Cleveland Reverse Mortgages
Columbus Reverse Mortgages

Oklahoma
Oklahoma City Reverse Mortgages
Tulsa Reverse Mortgages

Oregon
Portland Oregon Reverse Mortgages

Pennsylvania
Philadelphia Reverse Mortgages
Pittsburgh Reverse Mortgages

Rhode Island
Providence Reverse Mortgages

South Carolina
Columbia Reverse Mortgages

South Dakota
Sioux Falls Reverse Mortgages

Tennessee
Memphis Reverse Mortgages
Nashville Reverse Mortgages

Texas
Arlington Reverse Mortgages
Austin Reverse Mortgages
Dallas Reverse Mortgages
El Paso Reverse Mortgages
Fort Worth Reverse Mortgages
Houston Reverse Mortgages
San Antonio Reverse Mortgages

Utah
Salt Lake City Reverse Mortgages

Vermont
Burlington Reverse Mortgages

Virginia
Richmond  Reverse Mortgages
Virginia Beach Reverse Mortgages

Washington
Seattle Reverse Mortgages

West Virginia
Charleston Reverse Mortgages

Wisconsin
Milwaukee Reverse Mortgages

Wyoming
Cheyenne Reverse Mortgages

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