Reverse Mortgage Specialist
Hello I am Nicole Friez, reverse mortgage specialist and I welcome you to my website.
I created this website as a one-stop-shop for all your reverse mortgage needs in one easy place. From my reverse mortgage website you may apply online 24/7 for a Reverse Mortgage Consultation, use our Reverse Mortgage Calculator, get signed-up for late breaking Reverse Mortgage News and find out what's new in the financial world of
Reverse Mortgages!
What is a Reverse Mortgage
A Reverse Mortgage allows you to borrow against the equity youve established in your home. Instead of making monthly payments, you can choose to receive them.
Thats the REVERSE part of a Reverse Mortgage.
To be eligible you must be age 62 or older and own your home free & clear or have a remaining balance that can be paid off by the reverse mortgage. You may want to consult your advisor , but in most cases a reverse mortgage gives you
TAX FREE FUNDS!
Reverse Mortgage Eligibility
The eligibility requirements are quite simple. There is no income, employment or credit qualifying restriction.
All homeowners must be age 62 or older and occupy the property as their principal residence. The home must be owned free and clear or have a remaining mortgage balance which can be paid off by a reverse mortgage. The
property must be a single-family or a two-to-four unit dwelling Town homes, detached homes, condominium units, planned unit developments (PUDs) and some manufactured homes are eligible. The home must meet HUD minimum property standards. In some cases, home repairs can be made after
the closing of a reverse mortgage.