The amount of funds available from a reverse mortgage is driven by three factors:

1. The date of birth of the youngest borrower on title

2. The appraised value of your home

3. The current interest rate of either the fixed rate or the adjustable rate program, whichever you choose 

How do I receive my payments?

You have five options under the ARM program:

Tenure - Equal monthly payments as long as at least one borrower continues to occupy the property as the principal residence.

Term - Equal monthly payments for a fixed period of months selected by the borrower.

Line of Credit - Unscheduled payments and variable amounts determined by the borrower until the line of credit is exhausted.

Modified Tenure - A combination of the line of credit with monthly payments for as long as the borrower remains in the home.

Modified Term - combination of line of credit with monthly payments for a fixed period of months determined by the borrower.

You have only one option under the fixed rate program:

All funds available from the fixed rate reverse mortgage program must be dispersed at closing.

To find out what you can qualify for, simply call (678) 530-0511 and provide us with your date of birth, estimated house value, current liens against your home, and your zip code or address.

GA License #29757
Reverse Mortgage...Forward Thinking
(678)-530-0511

Return to Content Pages