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What are Reverse Mortgages?
A Reverse mortgage is a highly regulated FHA insured loan regulated by HUD.
This type of home financing enables senior homeowners to convert a portion of
their properties' equity into cash. The equity payment can either be taken in
a lump sum or can be broken into monthly payments. Other options are covered
on the Reverse Mortgage
payouts page. The most unique characteristic of reverse mortgage programs
is that no repayment is needed until the homeowner no longer uses the property
as their primary residence. As a financial tool, reverse mortgages are not for
everyone. Most industry professionals agree that reverse mortgage programs require
experience that only comes with specialization in the reverse field. AAXA's
Reverse Mortgage Team works with clients over 62 years of age and their families
to help determine if a reverse mortgage is the best financial vehicle at their
disposal. AAXA has access to multiple reverse mortgage programs including the
industry's most popular product, FHA's
HECM program.
Contact AAXA today at 877-728-3569 for reverse mortgage information
and to see if a reverse mortgage is right for you.
Additional Reverse Mortgage Information:
Benefits of Reverse
Mortgages
Reverse Mortgage FAQs
Reverse Mortgage Myths
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