Reverse Mortgage

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North Carolina Reverse Mortgage

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A cozy, comfortable cabin overlooking Lake Appalachia in Murphy, North Carolina or a stunning condo in Charlotte North Carolina; can you use a North Carolina reverse mortgage for a down payment on a vacation home.

A Reverse Mortgage is an FHA-insured Federal Government program exclusively for senior homeowners. It allows someone who is 62 years of age or older to get some of the equity out of their home – but the good news is of course – you do not make a SINGLE payment on this loan for as long as you or your spouse lives in the home – no matter how long that is. If you live to be 100 years old you still do not pay so much as one penny payment on this loan for as long as you live in the home as your primary residence (183+ days per year).

You must reside in your primary residence, but you are still able to own a second home. Depending on the equity in your home, a North Carolina reverse mortgage can provide a down payment on a vacation home or help with upkeep on your current home.

Whether you live in Arapahoe, Morrisville, Wilmington, or anywhere else, you are able to get quick and reliable North Carolina reverse mortgage information . If you are 62 or older and own and reside in your home receive more information on an North Carolina reverse mortgage now by calling (877) 221-0493 now.