Unlock Equity, Secure Retirement with Reverse Mortgage
Unlock financial freedom in retirement with Peter Escaross Office. Safe, personalized solutions transforming your home equity into opportunities. Secure your future today!
Explore Our Reverse Mortgage Solutions
Unlock financial freedom in retirement with our tailored reverse mortgage solutions. Expert advice, flexible options, and compassionate service designed for your peace of mind.
Explore Our Tailored Reverse Mortgage Solutions
Explore tailored solutions to enhance your financial freedom in retirement.
Home Equity Conversion Mortgage (HECM)
Home Equity Conversion Mortgages: Federally-backed reverse mortgages helping senior homeowners turn home equity into cash without the need to sell their property.
High-Value Home Solutions
For homes above FHA limits, our proprietary reverse mortgage options offer larger loan amounts, providing flexibility and additional financial support for higher-value properties.
Refinance Your Reverse Mortgage
We facilitate refinancing existing reverse mortgages to capitalize on higher home values or improve terms with lower interest rates.
Personalized Financial Guidance
Lifetime Support: Ongoing assistance and annual reviews to ensure your reverse mortgage continually meets your financial needs throughout your retirement.
Testimonials
Jasmine Richards
Opted for the HECM through Reverse Mortgage - straightforward process. Also refinanced later; hassle-free increase in funds. Highly recommend!
Monica Chandler
After exploring various options, Reverse Mortgage's refinancing and proprietary loans stood out for depth of knowledge and competitive rates. A seamless, strong choice for higher-value homes.
Thomas Krazinski
Opted for their expert financial counseling. Straightforward and enlightening advice--it really clarified how a reverse mortgage would fit into my overall retirement plan.
FAQs
Get clear answers to your most pressing reverse mortgage questions here.
What is a reverse mortgage?
A reverse mortgage is a loan for seniors 62 and older, converting home equity into cash while they continue to live there.
How does a reverse mortgage work?
With a reverse mortgage, the lender pays you in a lump sum, through a line of credit or via regular monthly disbursements. The loan is typically repaid when you sell the home, move away permanently, or pass away.
What are the eligibility requirements for a reverse mortgage?
To qualify, you must be 62 or older, own significant home equity, reside in the home as your primary residence, and meet financial criteria.
Are there restrictions on how I can use the funds from a reverse mortgage?
No, there are no restrictions on how you use the funds from a reverse mortgage.
What happens if I outlive the loan amount?
You can continue living in the home as long as you comply with the loan terms.
Can I leave my home to my heirs?
Yes, you can still leave your home to your heirs. When the last surviving borrower passes away, the heirs will have the option to refinance the reverse mortgage or sell the home to pay off the loan. If the home is not worth enough to cover the balance, FHA insurance will cover the difference.