Qualifying seniors 62 years and older can apply for a reverse mortgage loan.
This type of loan is insured by the Federal Housing Administration (FHA) which allows homeowners to convert their home equity into cash with no monthly mortgage payments. This allows the homeowner to receive cash from the value of their home, without the need to move out of their home as long as they occupy the home and pay their taxes.
Feel free to contact us so we can determine your eligibility for this program and help lessen your expenses for in-home care.