Reverse Mortgage Center of Idaho - Lloyd Paul

Our mission is to educate, inform and assist senior homeowners about the powerful benefits of Reverse Mortgages. A Reverse Mortgage is a U.S. government-insured loan that allows qualifying homeowners to access the equity in their homes without making any monthly payments. You can access the equity in your home in the form of a lump sum, guaranteed monthly payment for life or even a line of credit, and repayment will be deferred until you no longer reside in your home. *********************************************************** Real Estate is an illiquid asset, meaning it can be a challenge and very time consuming to get cash out when you need it. Adding to the difficulty is with forward loan requirements income or personal circumstance may not support your qualifications. There in lays the beauty of a Reverse Mortgage HECM loan, your current income has no bearing on it's origination, your FICA score has no bearing and the fact you can access the equity in your home may have negotiation value for a lesser payoff to any who may hold your debt balance or uncollected debt. This no doubt will be one of the simplest mortgages that you ever obtain, allowing you to use the dormant equity in your home.