Refinance My Mortgage

Here are some of the main reasons home owners decide to refinance their mortgage: Lower your monthly payment. Pay off your mortgage faster. Get cash from your home. Consolidate your debt. Earn more from your investment property.

Find out how refinancing can help you meet your goal.         Get Started Today.

Purchase A Home

Are you in the market to buy a house? We make the home buying process fast and easy with plenty of loan options to fit your needs. If you’re buying a home for the first time, you probably have a lot of questions about the mortgage process. Whether you want to talk to an expert or find answers online, we’re here to help you get started.

                     Get Started Today.

CASH OUT - REFI

Here are some of the main reasons home owners decide to refinance their mortgage: Lower your monthly payment. Pay off your mortgage faster. Get cash from your home. Consolidate your debt. Earn more from your investment property.

Find out how refinancing can help you meet your goal.         Get Started Today.

Reverse Mortgage

A Reverse Mortgage is a loan for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments. 

Reverse Mortgage Eligibility

To be eligible for a new reverse mortgage loan, the FHA requires all borrowers on title to be 62 years or older. Borrowers must also meet financial eligibility criteria as established by HUD. If there is an existing mortgage on the home, it may be paid off with the proceeds from the reverse mortgage loan.

Eligible Homes Types for Reverse Mortgages

Most single-family homes, two-to-four unit owner-occupied dwellings or townhouses and approved condominiums and manufactured homes are eligible for a reverse mortgage loan. The home must meet FHA minimum property standards.

Inheritance

When the reverse mortgage loan does become due, the borrower’s heirs/estate can choose to repay the reverse mortgage loan and keep the home or put the home up for sale in order to repay the loan. If the home sells for more than the balance of the reverse mortgage loan, the remaining home equity passes to the heirs.

If the home sells for less than the owed balance, the estate is not required to pay more than the value of the home at the time the loan is repaid.

A reverse mortgage loan is “non-recourse”, meaning that if you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt.

Distribution of Funds

Reverse mortgage loan proceed can be received in any combination of the following options:

• Line of credit – draw as needed up to the maximum eligible amount

• Lump sum – a lump sum of cash at closing

• Tenure – monthly payments for the life of the loan

• Term – monthly payments for a specific number of years