Reverse Mortgage Lender

Many people do not understand the details of a reverse mortgage but, for some, it is definitely an option worth considering. If you have questions, or simply want additional information, Ross Mortgage will use its experience as a reverse mortgage lender to work with you as a trusted partner every step of the way.

Interested seniors who are 62 years of age or more can use a reverse mortgage to receive tax-free disbursements each month, or in a lump sum, based on the equity in their home. Though reverse mortgages have some stipulations and are not available for all types of properties, the Federal Housing Administration (FHA) backs reverse mortgages and how you use the funds is completely up to you. Best of all, you as the borrower maintain the title to and ownership of your home.

In order to make sure all parties understand how the process works, Ross Mortgage will provide an authorized counselor to explain the full scope of the loan, answer any questions you might have and describe possible alternatives to ensure that you’re making the best decision.

To learn more about the loan options Ross Mortgage is able to provide as your reverse mortgage lender, contact an experienced representative.