Clark Harvey-The Utah Mortgage Guy 801-557-8540
Clark Harvey-The Utah Mortgage Guy801-557-8540

Introduction to Reverse Mortgages

Many homeowners have found that a reverse mortgage is a great way for them to take advantage of the equity they have built up in their homes.

A reverse mortgage is different than a traditional mortgage. With a traditional mortgage you make monthly mortgage payments, but with a reverse mortgage the lenders pays you money through monthly installments or a one-time lump sum payment. The money that you receive is dependant on your age and the value of your home.

 

  One of the great advantages of a reverse mortgage is that you are not required to pay the loan back until the home is no longer your primary residence For more information on when a reverse mortgage comes due click here. Another great feature of a reverse mortgage is you can never owe more than the value of your home. No matter what.

If you’re aged 62 or older and own your home you might be eligible for a reverse mortgage. Contact Us to find out more about reverse mortgages and ways to make it work for you, or apply now and start the process of tapping the equity in your home.

Check out these pages for more information about reverse mortgages.

Ten Things You Need To Know About Reverse Mortgages
Reverse Mortgage Newsletter.pdf
Adobe Acrobat document [56.6 KB]

"This material is not from HUD or FHA and has not been approved by HUD or a government agency." 

FOLLOW ME ON

 

1st Rate Mortgage

14185 Orgill Band Rd

Draper, UT 84020

 

MAILING ADDRESS:

PO BOX 1308 

DRAPER, UT 84020

 

Or you can reach us at

(801) 562-9100

NMLS# 1172332

 

Branch Location

3690 E. Fort Union Blvd

Suite 102

Cottonwood Heights, UT 84121

Ph: 385-355-3335

NMLS # 1525772 branch

 

Clark@ClarkHarvey.com

 

You can also use our contact form

MLO# 240452

Print Print | Sitemap Recommend this page Recommend this page
© 2017 All rights reserved

Call

E-mail