Free Information!
A Guide To Aging In Place
Learn How To Use A Reverse Mortgage To Buy A House
See the Top 10 Home Improvements for Seniors
Find Out What The 2008 COLA Increase Means To You
Just The FAQs: Answers to Common Questions About Reverse Mortgages
See the Top 10 Reasons Seniors Get Reverse Mortgages
See the Top 10 Myths About Reverse Mortgages
Learn About Using A Reverse Mortgage As An Estate Planning Tool
Learn About Reverse Mortgage Safeguards
Learn About Pros and Cons of Reverse Mortgages
Using Reverse Mortgages For Health Care
Sedona Arizona Reverse Mortgage Information
Across Arizona, more people are turning 62 every day and entering into the "golden years" of their lives. In Sedona, the "golden years" involve majestic, world-famous views of the various red rocks throughout the valley.
Whether golfing, hiking, fishing in Oak Creek or snowskiing in nearby Flagstaff, Sedona has something for every active senior.
Many seniors in Sedona have chosen to enjoy their golden years rather than worry about making their next mortgage payment -- they have started putting their mortgage to work for them by using a Sedona Reverse Mortgage.
Sedona Reverse Mortgage Qualifications
A reverse mortgage is still a home loan, but instead of you paying the mortgage company, they pay you! Whether you choose a line of credit, monthly payments or a lump sum, you retain title and the ownership of your home.
As long as you live in your home and keep your taxes and insurance paid, you can never be forced out. The federal government also guarantees your reverse mortgage, which means that you don't ever have to make a payment, you can never owe more than your house is worth and your heirs can make the decision on whether to sell or move into the house.
To qualify for a reverse mortgage, you must:
- Age 62 years of age or older
- Own your property
- Occupy your property as primary residence
- Single family home or 1-4 unit home with one unit occupied by the borrower
- HUD-approved condominiums
- Manufactured homes and leased land
- Participation in a consumer information session given by an approved HECM counselor
Sedona Reverse Mortgage Qualifications
We are experts in FHA reverse mortgages and work locally in the Sedona area. Call us today!
Get Started Now!
