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 lender pays you money through monthly installments, a one-time lump sum payment, a line of credit or a combination of a line of credit and monthly installments. The money that you receive is dependent on your age, the value of your home and the current interest rate.

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.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

American Pacific Mortgage

JOHN E. BURGOYNE III, Branch Manager
NMLS # 86729/96796/1850
AZ BKBR # 0906702/0114165

1256 W Chandler Blvd., Suite 30
Chandler, AZ 85224

Phone: (480) 883-6633
Email: jeb3@apmdirectlender.net

BKBR 0906702/0114165, NMLS 86729/96796/1850 APMDirectLender.net thanks you for visiting our site!

© 2015 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend.  All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.  Equal Housing Lender & Equal Housing Opportunity.