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.

*Please consult your tax advisor.

 

REVERSE Mortgage - Fixed

Best Choice If:

You are 62 years old or older, own your home and live in it as your primary residence, and have a substantial amount of equity.
Advantages:

No monthly payment, no income/asset/credit qualifications.
Disadvantages:

Closing costs can be somewhat higher than a traditional mortgage.

Mortgage Rates

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

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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