Giving back to the community
is an important part of
who we are.
South River Mortgage maintains strong philanthropic principles and gives back to the community whenever possible. Our core focus is to help and to support senior citizens. We regularly help senior citizens, giving back with our money and time whenever we can.
Payment Options
Pay As Much Or As Little As You Like Each Month Toward Principal And Interest. As With Any Mortgage,
High-Flexibility Loans
Pay As Much Or As Little As You Like Each Month Toward Principal And Interest. As With Any Mortgage,
Protection
Pay As Much Or As Little As You Like Each Month Toward Principal And Interest. As With Any Mortgage,
For american homeowners age 65+
Home equity comprises approximately 84% of their net worth. Learn how you
can leverage your home equity to dramatically reduce or even
eliminate your monthly mortgage payments.
How It Works
Frances is 71 years old. She has paid off her first mortgage on her home, but currently has a home equity loan that requires her to make burdensome monthly principal and interest payments.
By refinancing her existing home equity loan with a reverse mortgage, Frances can drastically reduce that monthly payment, thanks to the reverse mortgage’s flexible repayment feature. (As with any mortgage, she must meet her loan obligations, keeping current with property taxes, homeowners insurance and any homeowners association fees, and keeping her home in good condition.)
The Result
- Frances is able to keep more money in her pocket each month.
- She can be more financially prepared for the future.
- She can avoid tapping into her savings and invested assets that are a source of income.
