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
Perhaps you’ve heard of reverse mortgage lenders but never quite understood what a reverse mortgage was all about. Could it help you pay off your credit card debt or give you a chance to invest? Working with the right reverse mortgage lenders can certainly allow you to grow your wealth. However, you must work with reputable reverse mortgage brokers who have your best interests at heart. Those brokers can be found at South River Mortgage. We’ve been helping seniors for years grow their wealth through our reverse mortgage programs. Here’s what you need to know about our services in Pennsylvania.
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HUD-Approved Counseling Agencies in Pennsylvania
Counseling Agency Name | Phone number | Address | Website |
---|---|---|---|
CATHOLIC CHARITIES DIOCESE OF ALLENTOWN | 610-435-1541-356 | 900 S. Woodward St. ALLENTOWN, Pennsylvania 18103-4179 | https://www.catholiccharitiesusa.org/member/catholic-charities-diocese-of-allentown/ |
HOUSING OPPORTUNITIES OF BEAVER COUNTY, INCOR | 724-728-7511 | 282 E End Ave Beaver, Pennsylvania 15009-2808 | https://hobcinfo.org/ |
CCCS OF DELAWARE VALLEY, INC. DBA CLARIFI | 800-989-2227 | 101 Greenwood Avenue Suite 340 Jenkintown, PA 19046 JENKINTOWN, Pennsylvania 19046-2627 | https://clarifi.org/ |
TABOR COMMUNITY SERVICES, INC | 717-397-5182 | 308 E King St Lancaster, Pennsylvania 17602-5013 | https://www.tabornet.org/ |
CCCS OF DELAWARE VALLEY, INC. DBA CLARIFI | 215-563-5665 | 1635 Market St Ste 510 Philadelphia, PA 19103 | http://https//www.clarifi.org |
With your social security being unable to cover your costs, you may be growing anxious about how to make ends meet during your retirement. One viable option is a reverse mortgage. This is essentially a loan that you take out that’s based on your home’s equity.
A reverse mortgage allows you to access the equity and gives you a monthly payment or a line of credit depending on what kind of solutions you sign up for with our reverse mortgage brokers in Pennsylvania. Our reverse mortgage brokers and their services can help you in a series of ways. Here are some of them:
The money you receive from our reverse mortgage brokers can give you a sense of relief. You can count on it to help you cover the costs of living and credit card debt.
You may even find that you have enough funding to invest in opportunities and grow your wealth further.
Using our reverse mortgage services allows you to unlock your financial freedom and enjoy retirement.
Many companies offer a reverse mortgage in York, PA. However, those companies don’t offer a variety of options for their mortgages. When you work with our mortgage companies in PA, you can receive the best loan option for your finances. We always strive to cater to reverse mortgage plans for our clients.
Our reverse mortgage brokers work hard to ensure you always receive a rate that is specific to you as the borrower and where you live in PA.
Another reason you should choose our reverse mortgage lenders in PA is our experience and expertise. For many, reverse mortgage solutions can become confusing. Our lenders in Pennsylvania will make sure you know exactly what you’re signing up for. We have the experience you need to ensure you’re getting a great deal. We work with our borrowers to educate them and work with them every step of the process.
If you live in Pennsylvania, then you can benefit from our experience. Give us a call today and try our mortgage calculator to see how much you’ll earn.
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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