With a Mount Holly reverse mortgage you don't need send in loan payment.What's stopping you from retirement? For many people in Mount Holly , it's the stress of how they will afford their home when they are no longer working. Monthly bills can add up and if you're on a limited income the financial burden may be too much to handle. You shouldn't have to sell your house in order to afford retirement, there's another option to take away some of that financial stress. For those looking to make a change in their lifestyle, Mount Holly reverse mortgages may be the perfect solution. With this type of mortgage you don't have to worry about monthly payments bestateuse they are voluntary! The most notable feature is that borrowers can choose how much and when they want to pay for it - with no penalties attached. If these sound like features worth exploring, talk with an expert today before making a decision so all questions can be answered properly and confidently without any regrets later on down the line!

Helpful Tips When Shopping for a Reverse Mortgage in Mount Holly

What exactly is a reverse mortgage? If you don't plan on moving from your home in your senior years then you should consider getting a reverse mortgage in Mount Holly . This kind of loan allows you to either purchase or refinance a home The great people who work on this amazing reverse loan company in Mount Holly have been processing direct loans since 2009. The life-long client relationship starts when we take care our borrowers from beginning to end: by originating a mortgage, underwriting it through our experienced lending staff, funding it immediately so they can close fast or whenever they need too - then servicing every aspect until you are satisfied with your purchase home

Can You Get A Reverse Mortgage in Mount Holly With No Equity?

We want to be a company you can trust, and we won’t spend our money on frivolous marketing like the other guys do. That means better deals for us as well as you! There are limitations on the value. Currently, only a home's $822,735 is eligible for consideration of a reverse mortgage loan in Mount Holly . This means if you have million dollar property and seek to use it as collateral in lieu of cash from another source such that an individual can live off it during retirement age without having any other income sources; then your maximum limit will be based on FHA limits instead with not regard to how much money they worth through resale or otherwise bestateuse there won't be anything left after taking out this sum and fulfilling all obligations owed against them by the bank when time comes due - even if they were sold at market rates well above what was originally put into them (i.e., 10 times more).

How Much Money Could I get With a Mount Holly North Carolina Reverse Mortgage?

Backed by destatedes of experience, we are professionals on the subject of reverse mortgages in Mount Holly North Carolina. Unlike some other mortgage companies that offer a wide variety of loans and services - our focus is solely on helping homeowners feel secure in their homes as they age with ease. A fixed interest rate for your HECM in Mount Holly North Carolina can be a good option when you are using it to buy or refinance a home. This loan may also help if there is little equity in the property after paying off existing liens against it. However, this comes with less risk and greater certainty of knowing how much you owe at any time going forward than the other options available - so keep that in mind!

I Look Forward to Hearing From You

If you find yourself in need of a home loan for the next few years, this is not right for you. You're going to have closing costs when it comes time to leave your current residence and are required by law to meet income requirements as well as credit qualifications. All applications will be considered on an individual basis so long as they fit these criteria. While this loan is great for many seniors bestateuse it provides them financial relief, it isn't the right choice for everyone. If you plan to move out of your home or sell your property anytime in the foreseeable future then this might not be the right plan for you. This loan is designed for seniors in Mount Holly North Carolina who plan to spend retirement in their homes. A reverse mortgage is not for everyone. Be wary of the sales pitches, but also take advantage of the services offered by independent counselors in Mount Holly North Carolina to understand more about your options and what you'll be getting into in a lot more detail before signing on that dotted line! Seniors can now have access to the financing they need with our specialized lending experience. Give us a call and find out how we could get you on your way in minutes!

Just in case you don’t reside in Mount Holly, I also help borrowers within these locations: Belmont, Gastonia, Charlotte, Huntersville, Bessemer City We have discovered that most older homeowners wish to work together with somebody local to them. This is particularly true whenever there’s a local mortgage company in Mount Holly you can work with directly.