Calculators

Reverse Mortgage Company

The details of a reverse mortgage may be difficult to understand but the reverse mortgage product can serve as a good opportunity for people to effectively leverage their home equity. Ross Mortgage’s experience as a reverse mortgage company can help demystify and simplify the reverse mortgage process to help you determine if it is the best option for you.

Homeowners who are 62 years of age or older can benefit from a reverse mortgage, which provides monthly, tax-free disbursements based on the property’s equity. The money can also be distributed in one lump sum. While there are certain regulations that determine whether or not a property qualifies, once approved, you can use the funds in whichever manner you choose. Most importantly, you maintain the title to and ownership of your home.

Ross Mortgage will provide an authorized counselor to explain the reverse mortgage loan process in detail to make sure all of your questions are answered and help you determine if a reverse mortgage is the right choice for you individual situation.

To learn more about how Ross Mortgage can serve as your reverse mortgage lender, contact one of our loan officers.