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    Senior Clients

    Information for Senior Clients

    Reverse Mortgage is a specifically designed financial tool that allows homeowners to convert a portion of their home equity into cash, tax free. Unlike traditional mortgages, NO payments are required until the last surviving spouse on title no longer occupies the home as their primary residence. Connecting with the right professional is important to insure your get the right information to fit your situation. REMALO members attest to our Code of Ethics and will strive to insure you get all the facts needed to make an informed decision.

     

    What is a Reverse Mortgage?
    What is a Reverse Mortgage? If you are facing retirement it can be challenging. If you are a homeowner 62 years of age or older with somewhat to significant equity in your home; a Reverse Mortgage may be right for you. . . . keep reading
    Who Qualifies for a Reverse Mortgage?
    Who Qualifies for a Reverse Mortgage? Reverse Mortgage basics allow many seniors homeowners to qualify for a reverse mortgage. . . . keep reading
    Top 10 Most Asked Questions About Reverse Mortgages
    Top 10 Most Asked Questions About Reverse Mortgages Since your home is probably your largest single investment, it's smart to know more about reverse mortgages, and decide if one is right for you! Your Reverse Mortgage Association for Loan Officers (REMALO) professionals are ready to provide you with the right answers. . . . keep reading
    The Truth About the Misconceptions
    The Truth About the Misconceptions There are many misconceptions about reverse mortgages. Below is a list of the most common. Your Reverse Mortgage Association for Loan Officers want you to know the facts and the truths. Please make sure you contact members of REMALO to clarify and answer any of your concerns. . . . keep reading
    Fix up, repair or move: You decide?
    Fix up, repair or move: You decide? Most of us love our homes. The comfort and memories of family are important to us. For this reason, a majority of mature seniors prefer to stay in their home rather than move. . . . keep reading
    Now You Can Purchase Your Home with a HECM - Insured Reverse Mortgage
    Now You Can Purchase Your Home with a HECM - Insured Reverse Mortgage Now you purchase your home with a HECM - Reverse Mortgage. This is a great way to purchase a home and still maintain your most valuable asset, "Cash". To learn more, contact the Reverse Mortgage Association for Loan Officers, nearest you. . . . keep reading
    HUD Counseling - Required by FHA - Why do I need it?
    HUD Counseling - Required by FHA - Why do I need it? HUD counseling is required for insured FHA HECM - Reverse Mortgage programs. . . . keep reading
    How Can I Recieve My Money from a Reverse Mortgage?
    How Can I Recieve My Money from a Reverse Mortgage? If you are considering doing a reverse mortgage, one of your questions will be, "What are the ways that I can get my money." Learn the five ways you can use... . . . keep reading