Cash flow from a Norwalk reverse mortgage can be used to for whatever you desire.If you're trying to figure out if getting a reverse mortgage in Norwalk CT is the right option for you, then I'm more than happy help. You have just landed on one of the top loan officer's website and he has years of experience in helping people make this determination. Let me know any questions or concerns that you have about getting this type of loan. Do you need a reverse mortgage in Norwalk CT? We are specialists in the Home Equity Conversion Mortgage or HECM, also known as a reverse mortgage. It is all we do! When working with us you know that our Norwalk loan officers can answer any questions and will help structure your loans to meet both present needs and into the future.

Tips for Getting a Reverse Mortgage in Norwalk CT

We are a direct reverse lender serving the Norwalk Connecticut area. We know that is what our clients want to hear. We originate, process, underwrite, fund and service all of our loans- who else could offer them the same level of care? The last part about servicing their loan has been key for us; with so many different choices out there these days it's important they feel confident in working with us throughout their entire experience. Many people are worried if this loan will somehow tamper with their homeowner's status. When approved for a reverse mortgage in Norwalk Connecticut, you will still be the owner of your home and everything else in life like before but with one exception: there is no monthly payment anymore. You can also take out cash from the house as long as there is enough equity beyond paying off the current mortgage balance.

When Should You Get A Reverse Mortgage in Norwalk Connecticut

A reverse mortgage gives people the freedom to pay what they can and on their own schedule. If they are facing financial hardship or have an unexpected expense, they can skip a monthly payment without any penalties. As a senior in Norwalk Connecticut, you shouldn't have to worry about leaving your house bestateuse of a money situation. A reverse mortgage is a type of loan that seniors in Norwalk Connecticut can use to help them pay for living expenses, medical bills or other debt. A reverse mortgage works by taking equity out of the home and then paying off the balance as the homeowner lives in their home. As homeowners age, they may need more money originally used for upkeep on their homes and this can be an option to help take care of those needs.

Is There Certain Steps to Take When Applying for a Reverse Mortgage in Norwalk CT?

The key is using the right strategy for your situation. This means understanding how reverse mortgages work in Norwalk CT and what they are designed for. You don't want to make the mistake of thinking that it's a way to fund retirement or as an investment vehicle. It's not! The least expensive option is the single-purpose reverse mortgage in Norwalk CT. This type of loan may only be used for one purpose, which will be specified by the lender. Home repairs, for example. Homeowners will low to moderate income will usually be able to quality for a single-purpose loan.

Give Me A Call

A fixed interest rate is a common option if you are using your reverse mortgage in Norwalk CT to buy or build another home. You will know exactly how much you owe at all times and the risk of making payments for repairs on your property in advance goes away, but there can be limitations set by lenders when it comes to these loans since they do not offer as many options with this type of plan. You've been thinking about getting a reverse mortgage in Norwalk CT for years and you're ready to take the leap. The first question is: Have I considered all my options? You're a busy senior, and we know that you have better things to do with your time than talking to many different reverse mortgage lenders in Norwalk CT. Give us a call today so we can provide all of the information for our specialized lending experience in one convenient conversation!

For those homeowners not living in Norwalk I also work in all these metropolitan areas: Westport, New Canaan, Darien, Wilton, Weston We have noticed that the majority of senior homeowners want to work with someone local. There is no need to use a mortgage company on line when you are able meet directly through a lender in Norwalk.