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Unique Loans

A reverse mortgage is a unique loan that allows you to convert a portion of the equity in your home into tax-free* funds, giving you greater financial flexibility and security for the future. A reverse mortgage can be used to:

  • Supplement retirement income
  • Home repairs or modifications
  • Pay for medical or long-term costs
  • Delay collecting Social Security, for a larger monthly benefit
  • Establish a line of credit that you can tap into as needed
  • Purchase a new home

Depending on your qualifications and eligibility, you can receive your funds in a lump-sum distribution, a line of credit, monthly or term disbursements, or any combination of these payment options.

To learn more about how a reverse mortgage could benefit you, please contact our reverse mortgage specialist:

Kimberly Petrey

Reverse Mortgage Specialist 

NMLS #392902

855-623-6535

kpetrey@cumortgage.net

 

Must own home as primary residence in VA, MD, DC, CO, FL, GA, IL, KY, MI, NC, OH, OR, PA, SC, TN, and WV.

*Please consult your tax advisor. 

15/15 ARM- 100%

Best Choice If:

You want a loan with: .
  • Low initial payments
  • Some of the benefits of both a Fixed and ARM product.
    		• Advantages:

  • Interest rate adjusts once, at the 16-year mark.
  • Allows for higher loan amount qualification and enhanced buying power.
    		• Disadvantages:

  • Interest rate can rise above the initial rate at the 16-year mark. Typically, at the most, this would be $250-$350 for the average loan.

    • 5/5 ARM- 100%

    Best Choice If:

    You want a loan with: .
  • Low initial payments
  • Some of the benefits of both a Fixed and ARM product.
    		• Advantages:

  • Interest rate adjusts once, at the 16-year mark.
  • Allows for higher loan amount qualification and enhanced buying power.
    		• Disadvantages:

  • Interest rate can rise above the initial rate at the 16-year mark. Typically, at the most, this would be $250-$350 for the average loan.

    • Mortgage Rates

    The Loan Consultant feature determines the products and rates that match your needs.

    Ready to Start?

    To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.

    Apply