At Simply Mortgage Specialists, we understand the unique financial needs of homeowners who are aged 62 or older.
A reverse loan, also referred to as a Home Equity Conversion Mortgage (HECM), is a unique financial product that enables homeowners to tap into their home’s equity and receive tax-free funds. Unlike traditional mortgages, which require regular payments to the lender, with a reverse loan, the lender pays the homeowner based on the equity accumulated in the home. Repayment of the loan occurs when the homeowner sells the property, moves out, or passes away.
A reverse loan provides you with a regular stream of income, allowing you to supplement your retirement savings and enjoy a more comfortable lifestyle.
You have the option to receive the funds in one lump sum, spread out in monthly installments, or as a line of credit, based on your preference.
At Simply Mortgage Specialists, Our goal is to provide you with a seamless and personalized experience throughout the entire mortgage process. We provide a wide array of services tailored to fulfill your mortgage requirements.
We offer access to a wide array of loan options, including conventional loans, government-backed loans like FHA, VA, and USDA loans, jumbo loans, and more. We will assess your situation and guide you in selecting the loan program that suits your financial requirements.
I had the pleasure of working with Simply Mortgage Specialists, and I couldn't be happier with the results. Their team went above and beyond to understand my financial goals and find the right mortgage option for me. Their personalized approach and attention to detail made all the difference. I felt supported and informed throughout the entire process. Thank you for making my homebuying journey a success!
I cannot recommend Simply Mortgage Specialists enough. From the initial consultation to the closing of my loan, their team demonstrated professionalism and expertise. They were patient with my questions, responsive to my concerns, and worked diligently to secure the best rates and terms for my mortgage.
Working with Simply Mortgage Specialists was a breath of fresh air. They took the time to understand my unique situation and provided tailored solutions that worked for me. Their communication was excellent, and they kept me informed at every stage of the process. I appreciated their transparency and commitment to ensuring my satisfaction. I wouldn't hesitate to choose them again for any future mortgage needs.
Simply Mortgage Specialists exceeded my expectations in every way. Their team's extensive knowledge, attention to detail, and commitment to customer service were evident throughout. They made the complex mortgage process seem effortless, providing guidance and support at every turn. I'm grateful for their expertise and highly recommend their services to anyone in need of mortgage assistance.