Reverse Mortgages

Now you can afford to stay in your home all through your golden years. Mountain America's Reverse Mortgages give you the power to turn the equity in your home into extra cash so you can live comfortably during retirement.

What is a Reverse Mortgage?

A reverse mortgage is a lot like a traditional home equity line, except you get to keep the money and retain ownership without making a monthly payment. At the end of your reverse mortgage—that is, when you permanently move out or pass away—the money you've used, plus interest, is deducted from the value of your house. Your heirs can then sell the house and receive the balance, or they can pay us the difference and keep the home. It's completely up to them.

Benefits of a Reverse Mortgage

There is no monthly payment
Gives you access to extra income
Income is tax-free
It is insured by the government
You retain ownership of your home
No pre-payment penalty
No income, employment or credit requirements
Receive funds in one lump sum, in regular monthly payments, as a line of credit or as a combination of the three