Understanding How a Reverse Mortgage is Paid Back
A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, can be a valuable financial tool for seniors seeking to access their home
The Best Reverse Mortgage Lenders in Indiana
Have you considered a reverse mortgage in Indiana to improve your retirement? At South River Mortgage, we’ve been helping clients find peace of mind with their finances by signing up for a reverse mortgage. Here’s what you need to know about our reverse mortgage services and reverse mortgage brokers in Indiana.
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HUD-Approved Counseling Agencies in Indiana
Counseling Agency Name | Phone number | Address | Website |
---|---|---|---|
HOMESTEAD CS | 765-423-1284 | 671 N 36th St Lafayette, Indiana 47905-4475 | http://https//www.homesteadcs.org |
GREENPATH FINANCIAL WELLNESS | 888-860-4167 | 245 W Edison Rd Suite 130 Mishawaka, Indiana 46545-8305 | http://www.greenpath.org/ |
Why a Reverse Loan is Different from a Standard Mortgage in Indiana
When you take out a mortgage, you have to pay it back each month little by little. There’s also some kind of interest rate attached to the loan. A reverse loan, on the other hand, gives you a monthly payment.
Our reverse mortgage lenders in Indiana base your mortgage sum based on the equity of your home. That amount is then made available to you either through monthly payments or a line of credit. For seniors who have lived in their homes for a long time, our reverse mortgage lenders can help you.
As long as you never move from home, you only have to pay the loan back when you leave the home permanently. This gives you peace of mind as you borrow money from your equity to cover your expenses.
While many companies in Indiana offer similar services, you’ll find that our reverse mortgage lenders are the best. This is because our reverse mortgage brokers give the best rates catered to your needs in Indiana. This is vital to ensure that your loan doesn’t exceed your home’s equity.
Our reverse mortgage lenders want to be different than those companies that are deemed predatory. We want to help our clients improve their retirement years. Our services are a great way to achieve that goal.
Our reverse mortgage brokers are also the most experienced. We’ve been helping clients for years. We know how these loans work.
Don’t waste time with other companies. Give our reverse mortgage brokers a call today to learn more.
Why South River Mortgage?
South River Mortgage is a leader in reverse mortgages in Los Angeles, California. South River Mortgage has an expert staff of loan advisors and always gives back to the community.
Proprietary Loan Programs
South River Mortgage has many proprietary loan programs that allow South River Mortgage to qualify many borrowers who would otherwise be ineligible or denied for a reverse mortgage loan. For this reason, South River Mortgage is a top rated reverse mortgage company
South River Mortgage Gives Back
We believe in giving back to the communities we operate in, and we believe in helping seniors. This is why South River Mortgage sponsors hundreds of AARP memberships annually and participates in company-wide volunteer days.
Expert Loan Advisors
All staff members treat clients as we would treat our own family members. Our expert loan advisors go through a thorough guided training program, complete continuing education annually, and are well-regarded as the experts in the field.
How a Reverse Mortgage Works
Speak to a Reverse Mortgage Advisor
Have questions about the reverse mortgage? Are you not sure if this is the right program for you? Speak with one of our trusted reverse mortgage advisors today
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