Apply Online          

Welcome
to TMC Lending!
 Your source for consumer information  

 

 




FHA Loan

Construction/Perm

Interest Only Mortgage


Commercial Loans

   
Real Estate Investor


Refinance


Loan Modification





Reverse Home Mortgage

Reverse Home Mortgage products are part of my practice as a Certified Home Mortgage Planning Specialist. A reverse home mortgage is not the only choice for seniors over 62, a reverse home mortgage is something to consider. Please read my personal experience with a reverse home mortgage. Email any questions on a Reverse Home Mortgage. Reverse home mortgage products offer benefits to seniors that a traditional mortgage can not and need to be a part of the mortgage planning process.

There are many websites claiming to be reverse home mortgage "specialists" offering only the reverse home mortgage. I believe that is a disservice to my client. I will continue to offer traditional mortgage products as well as the reverse home mortgage as I believe that offering only one type of mortgage may not be the best answer to my client's situation. I prefer to look at my client's specific situation and suggest the most appropriate solution. It may be a reverse home mortgage or it may not. Any mortgage should be a solution to a problem, not a product to be sold. That having been said, lets look at what a reverse home mortgage really is.

More than anything else, they can give you peace of mind by allowing you to maintain your independence. Reverse home mortgage products are designed to allow seniors to maintain their independence with dignity. A reverse home mortgage allows you to use the equity in your home to maintain and even improve your lifestyle. A reverse home mortgage will NOT cause you to lose your home and I have used a reverse home mortgage many times to give seniors the ability to stay in their home when other alternatives have failed. Funds made available to you are not taxable and will not affect your Medicare eligibility. They can be an effective estate and financial planning tool that can be shown to increase the size of your estate as well as to reduce taxes on your estate. They require no income, credit score, or health qualification but are based on your age and the equity in your property.

There are several types available to you and one may be a better choice depending on your specific set of circumstances

    Fixed rate Equity Conversion Mortgage. From the Federal Housing Administration (FHA)

    Adjustable rate Equity Conversion Mortgage. From the Federal Housing Administration (FHA)

    Home Keeper. From Fannie Mae

    Cash Account Advantage. From Financial Freedom

I offer a printed side by side comparison of each so you will be able to see which option best meets your needs. The benefits can vary between them and we want to be sure you select the one that meets your needs. Please call (888) 648-1714 or email me to ask about this free no obligation analysis.

Learn more about Reverse Mortgage Myths

Learn more about their use as an Estate Planning Tool

Learn more about the use of Reverse Mortgage for Long Term Care Planning

To learn more about this solution, please take a moment to view my Equity Income presentation

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.