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Purchasing a Home with a Reverse Mortgage

Posted May 8, 2014

Designed for homeowners 62 years and older, Reverse Mortgages are an option that should be considered in your estate planning. They are non-recourse loans that release home equity and convert it into accessible funds. There are a number of options available to seniors. We do recommend that you discuss these with your accountant and estate planner as well as qualified lenders. Look up HECM (Home Equity Conversion Mortgages) on the U.S. Department of Housing & Urban Development website and don’t hesitate to contact Glen Smart or Robin Loomis, Reverse Mortgage Specialists, at NOVA Home Loans. You can phone/text them respectively at (520) 245-8830 or (520) 440-4387. Go to www.ReverseNOVA.com for details.



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