Is Reverse Mortgage Right for Me?

Is Reverse Mortgage Right for Me?

A reverse mortgage can be an excellent financial tool. But reverse mortgages loans are not the right decision for everyone. You need a professional to help look at your overall financial situation and decide if the money you’ll receive from a reverse mortgage will achieve your financial and housing plans. Direct Finance Corp. will help you evaluate the “big picture” and work with you to determine if a reverse mortgage loan is the best financial solution for your situation.

Some points to consider:

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The US Department of Housing and Urban Development (HUD) requires all reverse mortgage borrowers to undergo independent non-profit counseling prior to processing their loan application. This provides an opportunity for you to discuss your financial situation with a qualified, objective counselor.

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Are you working with the right reverse mortgage company? All companies must follow the strict federal and state reverse mortgage loan regulations. But not all lenders or brokers understand the intricacies of the pros and cons of obtaining a reverse mortgage. Or, they may not have the experience of customizing the reverse mortgage loan features to optimize your current and future housing goals. Be sure you work with a trusted, experienced reverse mortgage company like Direct Finance Corp. Our senior reverse mortgage specialists have achieved the arduous Certified Reverse Mortgage Professional (CRMP) designation from the National Reverse Mortgage Lenders Association. In fact, Alain Valles, the President of Direct Finance, was the first CRMP in New England.

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Do you plan to stay in your home? One of the strongest benefits of a reverse mortgage is that it allows you to retain ownership and remain independent in your own home as long as you pay the property taxes and insurance on time, maintain the home, and abide by all other loan terms. If you are planning to relocate in the near future, a reverse mortgage might not be the way to go.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Want to know more about reverse mortgages, traditional mortgages or refinacing?
Call us today at 877-499-7283. Or simply complete our easy-to-use online contact form to see for yourself how Direct Finance Corp. can guide you through the Reverse Mortgage process, find the best financing for your new home purchase, or save you money by refinancing your current mortgage loan.

Is Reverse Mortgage Right for Me?

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