Reverse Mortgage

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• New Mexico Reverse Mortgage

No Payments Due with New Mexico Reverse Mortgage

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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

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New Mexico reverse mortgages are designed for homeowners age 62 and older. These types of loans are called "reverse" mortgages because the lender pays the homeowner. To qualify for this loan, you must live in the home as your primary residence. Unlike conventional loans there are no income requirements for New Mexico reverse mortgages. You don’t make any payments for as long as you live in the home. When the last borrower moves out of the home or dies, the loan becomes due.

The cash that becomes available from a New Mexico reverse mortgage can be used for a multitude of purposes. You can supplement your income for medical expenses, in-home care, updates for your home, travel, helping loved ones or just to have a little “cushion”. Find out how you can improve your retirement with a New Mexico reverse mortgage.

Our New Mexico Reverse Mortgage Specialists want to help you improve the quality of your life. We have trained New Mexico reverse mortgage specialists licensed all over the state, including everywhere from Beclabito to Mescalero to Santa Fe. Our New Mexico 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. See if a New Mexico reverse mortgage could help decrease your worries during retirement!