Reverse Mortgage

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Maine Reverse Mortgages Available Since 1961

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Estimated Home Value

<$75,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $525,000 $550,000 $575,000 $600,000 >$600,000

Existing Lien Amount

No Lien $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 $320,000 $340,000 $360,000 $380,000 $400,000 Over $400,000

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Age

62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 92 93 94 95 96 97 98 99 100

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The Deering Savings and Loan in Portland, Maine issued the first reverse mortgage in 1961 to Nellie Young. Nelson Haynes, an employee of Deering Savings and Loan, created this loan specifically for her. Initially a simple act of kindness, this type of financing revolutionized the mortgage industry by allowing homeowners to remain comfortable in their homes by using the available equity in their homes.

If you are age 62 or older and own and reside in your home, you may be eligible for a Maine reverse mortgage. Use our Maine reverse mortgage calculator to get an estimate of your possible proceeds. For specific questions regarding a Maine reverse mortgage call a Maine reverse mortgage specialist at (877) 221-0493.

Our Maine Reverse Mortgage Specialists want to help you improve the quality of your life. We have trained Maine reverse mortgage specialists licensed all over the state, including everywhere from Allagash to Kennebunkport to Westbrook. Our Maine reverse mortgage specialists can answer all your questions and help you eliminate your monthly mortgage payments! Call (877) 221-0493 to speak to one of our loan professionals. A Maine reverse mortgage could help you remain in your home for as long as you wish!