Richland Mortgage

The Home Loan Professionals


 

NO PAYMENTS FOR LIFE
 WITH A REVERSE MORTGAGE!

 Reverse mortgages are  FHA sponsored, government loans
which allow seniors to tap into their home equity and obtain tax-free money

without having to make any monthly mortgage payments for the rest of their lives!

How do you qualify for this loan…it’s easy 

1.     All borrowers must be at least 62 years old

2.     All borrowers must have occupied the property

                               as their principal residence for at least 12 months

3.     All borrowers must be on title

4.     Existing liens are ok, will be paid off at closing

 Best of all…

 1.     There are no credit or income requirements

2.     Seniors retain title to their home

3.     Loan is repaid when the senior moves or upon death

These funds can be used for anything and are available as a lump sum, monthly term, monthly lifetime, a line of credit or a combination.

 You can supplement your monthly income to continue living in your own home, buy a car or vacation home, travel, make home improvements, contribute towards a grandchild’s college education. The options are yours!

Click here to get started
or you can call

Richland Mortgage

Get the answers to all your questions today

630-515-1010

 

Rates, programs, terms and guidelines are subject to change without notice due to unforeseen market conditions and borrower’s credit profile. Funds are provided by various investors and subject to availability. This information is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by Sec.226.2 of regulation Z.

 

Richland Mortgage Company is an Illinois, Indiana, Wisconsin, Michigan, New York and New Jersey Licensee.