As home values have increased, many homeowners have become equity-rich but cash-flow cautious.
A reverse mortgage can help unlock that equity without requiring monthly mortgage payments, provided the borrower continues to meet loan obligations, including property taxes, homeowners insurance, and home maintenance.
Ideal referral opportunities include:
- Homeowners considering retirement. A HECM is generally for homeowners age 62 and older. Proprietary programs, including HomeSafe-style reverse second mortgages, may be available starting at age 55.
- Clients concerned about market volatility
- Borrowers carrying mortgage payments into retirement
- Clients seeking additional liquidity
- Widowed homeowners
- Retirees looking to age in place
Simply reply with:
- Age(s)
- Estimated home value
- Mortgage balance (if any)
Michael A. Harris will provide an illustration, estimated proceeds, and strategy options within 24 hours. This is not a commitment to lend. Proceeds, eligibility, and program terms depend on the borrower, the property, and the loan program.
Email age, home value, and mortgage balance
Or call (800) 230-0168.
Homeowners who want to check a scenario themselves can start with the reverse mortgage page.
United Mortgage Corporation of America NMLS #3189 | CA: Dept. of Real Estate Officer #01870497 | CO: Regulated by the Division of Real Estate #100524628 | MT: Mortgage Broker No #3189 | TX: 4663 Farringdon Ln. | WA: Consumer Loan Company License CL-3189 Michael A. Harris MLO NMLS #233410 | CA: Brokers License #00991234