A Commercial Loan Corporation Reverse Mortgage Loan is specifically designed to help seniors age 62 and older achieve greater financial freedom in retirement. Our reverse mortgage loan enables you to tap the equity in your home and make your retirement more comfortable. With our easy to qualify for HECM Reverse Mortgage Loan, you can use the proceeds from your loan for anything you wish. Many clients use the proceeds from a reverse mortgage to pay for medical care, delay or supplement Social Security and or have additional funds every month to make retirement more enjoyable.
Here are some of the benefits possible with our Reverse Mortgage Program:
No monthly mortgage payment
Turn a portion of the equity of your home into cash
You continue to own your home
You do not have to move out of your home
Applying for a Reverse Mortgage is easy! To begin the process, please complete this quick online application form:
Additional Information On Reverse Mortgages
As with a traditional mortgage, the borrowers are responsible for paying property taxes, hazard insurance, and for home maintenance. You cannot lose your home as long as you continue to stay current with your property taxes, continue to pay your homeowners insurance. The reverse mortgage may be called due when the last remaining borrower leaves the home or does not comply with the loan terms.
If you have additional questions on a reverse mortgage or would prefer to apply by phone, please call us at 877-464-1066.