Reverse Mortgages

Cenmark Mortgage proudly offers Reverse Mortgage loan options for borrowers that are age 62 and older. Your home has been an important wealth building tool; now it’s time to put that tool to work for you. With a Reverse Mortgage you can have the freedom to do the things you want. It’s time to stop paying for your home and start letting your home pay for you.

About Reverse Mortgages

A Reverse Mortgage is a government sponsored loan program offered through The Department of HUD and FHA. Reverse Mortgages allow you to utilize the equity in your home into an asset you can utilize. Reverse Mortgages allow you to stay in your home without having to make monthly payments for as long as you occupy the property. Instead, the interest on your loan is accumulated slowly every month and paid through your home’s equity. You can also draw cash that can be paid to you in monthly installments or in one lump sum.

Reverse Mortgage Advantages

  • – No Employment Requirement
  • – Pay for Travel
  • – Retain Ownership
  • – Cash Out for Renovations
  • – Make Investments
  • – Only Pay when you sell
  • – Pay for Long Term Care
  • – No Credit Score Requirement
  • – Supplement your Income
  • – Lump Sum Payments
  • – Pay for Health Care
  • – Monthly Distributions

Speak to one of our experienced Reverse Mortgage Advisors Today