If you are a senior citizen and wondering if you can afford to stay in your home when retirement rolls around, take heart. A reverse mortgage Fairfield Connecticut gives people the option of staying in their homes without worrying about finances; it is an affordable loan that allows seniors to enjoy life as they please. A local mortgage company in Fairfield Connecticut that specializes in reverse mortgages is looking to be of service to those who are seeking this type of financial assistance.

The Basics of a Reverse Mortgage in Fairfield Connecticut

A Fairfield reverse mortgage is just a mortgage. There are lots of bells, whistles and features that come with it--it's not your average loan! But the most notable benefit of this loan type? It doesn't require monthly payments if you don't want them to be made. Borrowers can make voluntary payments at any time in any amount they choose instead. It's important to us that you know, we're not a company out for profit. We refuse the big budgets of other reverse mortgage lenders in Fairfield CT and instead focus on providing our customers with better fees and interest rates bestateuse it benefits both parties in the long run!

What Type of Fairfield CT Reverse Mortgage Should You Get?

The reverse mortgage in Fairfield CT can be structured in many ways to provide financial stability today and into the future. One of its really neat features is that it's never too late to change how your loan works - for example, if you originally opted for a line credit but want monthly payments instead, or vice versa; just let us know! The heirs of the property should be aware that they have choices in how to proceed when their loved one passes away and there is a mortgage on the Fairfield CT home. They can either pay back what's left or sell it, but both options come with risks.

Does My Credit Union in Fairfield CT Offer Reverse Mortgages?

In order to get approved without hassle with applying for a Reverse Mortgage Loan in Fairfield CT. You will need most of these basic documents: an Identification card (any kind of photo identification); proof of social security like their SSA 1099 form showing how much money was awarded them last year. If you are nearing the end of your working career and you're tired of living paycheck to paycheck, a reverse mortgage may be the solution to help take care of all your financial needs. A reverse mortgage in Fairfield CT is a loan that lets seniors age 62 or older use their home equity now without selling their property.

Let Me Answer Your Questions

Do you want to remain in your house when you retire? Then you may be the right candidate for a Fairfield CT reverse mortgage. You should not apply for a reverse mortgage if you plan to leave the residence or sell your property within the next few years. One condition with a reverse mortgage is that when you leave the property you are required to pay back the remainder of the loan. I want to help you find out if a Fairfield CT reverse mortgage is the right choice for your financial needs. I will provide information and answer any of your questions, so call me today! We want you to feel empowered with your decision. That's why we're happy to answer any questions that might come up and give you a personalized consultation about our program at no charge whatsoever! It’s important to get the best interest rates and fees for your reverse mortgage in Fairfield CT. This means you'll want to shop around, contact different lenders, and compare quotes from them in order find which one is right for you.

In case you do not reside in Fairfield, I also help clients in these locations: Bridgeport, Westport, Weston, Easton, Trumbull Being one on one with somebody local is extremely important to a lot of of our potential customers. It’s particularly true when there’s a local mortgage lender right in Fairfield you can work together with directly.