If you live in Connecticut and want to work with a local reverse mortgage specialist you have come to the right place. Because we are local, we can meet with your face to face in the comfort of your own home or at one of our mortgage offices located throughout Connecticut.

We specialize in the Home Equity Conversion Mortgage or HECM (HECK-UM), also known as a reverse mortgage. It is all we do. When you work with us you know that you are working with loan officers that are going to be able to answer all your questions. And not only answer your questions but structure the loan in a way that will meet your financial needs now and into the future.

What Sets Us Apart from Other Reverse Mortgage Lenders in Connecticut

We are a direct lender – What that means is that originate, process, underwrite, fund and service all our loans. The last part, we service our loan, we have found is very important to our clients in Connecticut. They want to know that they will be working with us for the life of their loan.

We are referral based – Unlike several other lenders, we don’t spend millions of dollars a year on advertising. Because of this we can pass those savings on to you in the form of better interest rates and lower fees.

Continuous training – Our loan officers are required to attend continuous training on the reverse mortgage loan options as well as advanced planning and utilization techniques to ensure all of our clients in the Connecticut area are being served in the best way and their reverse loans are structured properly.

It can be overwhelming to decide if getting a reverse mortgage in would be the best option for you. Making the correct decision whether or not or not this type of loan is right for you, the advice from a reverse mortgage expert is very important.

In order to work for our organization, each of the mortgage specialists must agree with and comply with not only our ethics policy, but our code of conduct also. They must let you know about all the terms and conditions of the home loan clearly and with the utmost respect of your needs and objectives. None of our advisors are permitted to steer you into additional products or loans which aren’t beneficial to you and also not really in your best interest. We feel our pricing and rates are among the very best in the industry, however, you should go ahead and shop around to ensure that you are getting the best offer. Only you can decide of this would be the right choice for you, is you.

Information is the ultimate power. Read up on reverse mortgages before meeting with a reverse mortgage loan officer in . This will likely not only save time, but could help you get a better deal. Would like impartial and factual information regarding reverse mortgages, check out the HUD website for the basic principles of the reverse mortgage which includes meanings, examples, list of counselors, examples and more.

We realize that a reverse mortgage might not be best for your needs. If a reverse mortgage is not your only option, you need to compare the advantages and disadvantages of each option to determine which one will suit you best. We are more than happy so that you can ascertain if the reverse mortgage is better than other solutions, just contact us. Each of our industry experts are accessible to you to not only explain the process, but there to answer important questions and help you determine if this really is the right choice. To get a better understanding of how we work with our clients and also how we function as a organization, go through our Ethics Policy.

What is a Reverse Mortgage?

Very simply, it is just like a regular mortgage with the exception that there are no monthly mortgage payments required. You still need to pay property taxes, insurance and maintain the home.
It is regulated by HUD and insured by FHA.

The Basics
• At least one spouse must be 62 or older.
• Your home in Connecticut must be your primary residence.
• You can get a loan on a single family, multifamily up to 4 units, town home, HUD approved manufactured home and FHA approved condominiums.
• You will be required to attend counseling from a HUD approved counselor.
• You must continue to pay your property taxes, insurance and other property charges.
• The amount you can borrow is based on the youngest persons age, home value and current interest rates.
• You can access your home equity as a lump sum, line of credit, month payments for as long as you live in the home, monthly payments for a specific period of time or a combination of those options.

I talk with elderly homeowners throughout these locations also: Fairfield, Stratford, Trumbull, Westport, Easton, Milford, Weston, Norwalk, Shelton, Monroe One of the things we have heard most from prospective borrowers is they want to find out if we’re local. Quite frankly we agree with this. Why wouldn’t you do business using somebody over the phone when it’s possible to seek advise from somebody in Bridgeport face to face?

Have Questions About Getting a Reverse Mortgage in Connecticut?

There is no doubt that you have questions about getting a reverse mortgage in Connecticut. We are happy to answer every question you have about this loan product.

Questions like:
• What is the downside to a reverse mortgage?
• What are the pros and cons of a reverse mortgage?
• How much can you borrow with a reverse mortgage?
• Is the reverse mortgage a good idea?
• Does it make sense to get a reverse mortgage?
• Does my home in Connecticut qualify for a reverse mortgage?
• How does a reverse mortgage work?
• Are there risks to getting a reverse mortgage?
• What happens to the reverse mortgage when I die?
• Is the reverse mortgage a good fit for me?

While there are general answers to these questions. The answers will vary from each individual person. This is why you should talk with one of our local Connecticut experts so you can get a personalized answer to your unique situation.