CUSTOMER REVIEWS

Ed and I would like to take this opportunity to thank you for the excellent service you provided in our recent home refinance. We have both worked with other companies in the past, but...

Borrego Family - Denver, CO
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LOAN PRODUCTS

  • Fixed Rate Mortgage
    Fixed Rate Mortgage
    Looking for a Conventional Conforming Mortgage? Click here to learn more.
  • FHA Loan
    FHA Loan
    Loans insured by the federal government. Click here to learn more
  • VA Loan
    VA Loan
    Supporting for our veterans is important to us here at Axia Home Loans.
  • Adjustable Rate Mortgage
    Adjustable Rate Mortgage
    Get the lowest rate we offer! Financially savvy? This could be the product for you.
  • Jumbo Loan
    Jumbo Loan
    Looking for a Jumbo Non-Conforming Mortgage? Click here to learn more.
  • USDA Loan
    USDA Loan
    Excellent opportunities to purchase homes in rural areas. Click here to learn more.
  • Reverse Mortgages
    Reverse Mortgages
    Enjoy your retirement with a Reverse Mortgage today! Click here to learn more.
  • HARP 2.0
    HARP 2.0
    See what it means for you! Click here to learn more.
  • HomePath
    HomePath
    Apply today for HomePath loans! Click here to learn more.
Reverse Mortgages

You have probably heard of the Reverse Mortgage and how it might improve your financial well-being and enhance your retirement. Now you can learn more about it, first-hand, from one of our Senior Home Advisors.

Without cost or obligation to you, our Senior Home Advisors will explain this innovative option, its benefits and limitations and help you determine if a Reverse Mortgage is your best option.

Reverse Mortgages allow you to benefit from the equity you have established in your home and use it for whatever you wish with no repayment obligations for as long as you live in the home.

What is a Reverse Mortgage?

A Reverse Mortgage is a loan that is based upon the equity in your home.

This loan does not have to be repaid until you either sell your home or permanently leave your primary residence.

What types of Reverse Mortgage Options are available?

Federal Housing Administration (FHA)

How much am I eligible for?

How much you (the Borrower) will be eligible for depends on four factors:

  • The age of the youngest borrower (minimum age is 62)
  • The value of the home and how much you owe
  • Current interest rates
  • FHA HECM lending limits

How can I receive money?

Proceeds from a Reverse Mortgage can be received in the following ways:

  • Lump Sum
  • Monthly Payments (your choice of loan advances for a specific period, or for as long as you live in your home)
  • Line of Credit
  • Any combination of the above

Reverse Mortgage Facts

  • The loan does not become due and payable until the last surviving borrower dies, sells the home, or permanently leaves the residence.
  • Homeowner must continue to pay the property taxes and homeowner insurance (optionally, they can be paid out of the loan proceeds, if desired) as well as maintain proper upkeep of the property.
  • At the time the loan becomes due and payable, your heirs can either choose to repay the loan (by refinancing, life insurance, etc...) and keep the house or sell the house to repay the loan.
  • Your heirs will receive all remaining equity after the sale.
  • You will be required to attend a counseling session early in your Reverse Mortgage education process.

and one of our friendly home loan experts will contact you shortly.
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