WHY SHOULD I APPLY FOR A REVERSE MORTGAGE?
Nothing puts a damper on retirement more than the fear of debt and worrying about monthly payments. 1st Reliant Home Loans will help find the right solution for you. Apply for a 1st Reliant reverse mortgage today.
Get Cash from Your Home’s Equity
Great for senior borrowers who need a more consistent flow of income by accessing equity in their homes.
No Spending Restrictions
Been dreaming of updating your kitchen? Medical expenses weighing you down? There are no limitations on how you use your reverse proceeds, so you have the freedom to spend it exactly as you please.
Eliminate Monthly Mortgage Payments
Borrowers don’t have to make monthly payments, however they must maintain the property and pay taxes and insurance, as a requirement of a reverse mortgage. Loans are repaid with interest and fees when the borrower leaves the property to heirs or sells their home.