As Professional Mortgage Advisers, There Are Times That A Reverse Mortgage Is The Perfect Solution For Your Finances
A reverse mortgage is a type of home equity loan that allows homeowners to convert some of the equity in your home into cash while retaining home ownership.
Reverse mortgages are backed by the federal government and are FHA insured. Designed for seniors 62 and older who own and occupy their home, reverse mortgages allow eligible homeowners to access money built up as equity in their home. Benefits of a reverse mortgage include tax-free funds, no loan repayment, no income, no medical or credit requirements. The homeowner retains ownership for life, GUARANTEED.
There is no restriction on how the funds from a reverse mortgage are used and the borrower must pay insurance and real estate taxes each year.
Working with MCF Mortgage
- We put YOU first. We are committed to getting every client the very best possible deal every single time.
- MCF Mortgage offers some of the most competitive rates in the Nation!
- Fast and efficient, we close most of our loans in 30 days or less.
- We offer a variety of loans … MCF Mortgage will find you the loan that is right for you!!!