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Compare top reverse lenders in Nevada.
What is a reverse mortgage?
HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature.
More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.
Compare HECM Lenders in NV for free with RMLD – Let us find you the best program.
Seniors in NV qualify for a reverse mortgage if…
- they are 62 years of age or older
- own their homes
- have equity available in the property
- can afford to pay for the home’s property taxes and insurance
- have never defaulted on governemnt insured loans
I qualify for the HECM reverse mortgage how does this program improve my retirement?
- improve your retirement qualify by having access to your equity today
- no more mortgage payments while you are living in the home
- interest rates are at all time low’s
- ability to spend the equity as you wish – no restrictions are placed on the funds
- no taxes are applied to the equity you release
“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”
How Does the Reverse Mortgage Work in Nevada?
You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.
Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.
This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.
Snapshot of Nevada
Percent PopulationOver 65
|LOCATION||POPULATION||MED. HOME VALUE||HOME OWNERSHIP RATE||% POPULATION OVER 65|
|North Las Vegas||197,567||$123,000||70%||6%|
Find a Local Reverse Mortgage Lender/Bank/Broker in Nevada
Alamo · Amargosa Valley · Austin
Baker · Battle Mountain · Beatty · Beowawe · Blue Diamond · Boulder City · Bunkerville
Cal Nev Ari · Calico Basin · Caliente · Callville Bay · Carlin · Carson City · City Center · Cold Creek · Corn Creek · Cottonwood Cv · Coyote Springs · Crescent Valley · Crystal Bay
Dayton · Deeth · Denio · Duckwater · Dyer
Elko · Ely · Emigrant Pass · Empire · Enterprise · Eureka
Fallon · Fernley
Gabbs · Gardnerville · Genoa · Gerlach · Glenbrook · Golconda · Goldfield · Goodsprings
Halleck · Hawthorne · Henderson ·
Imlay · Incline Village · Indian Springs · Indian Springs Air Force Aux · Isafa
Jackpot · Jarbidge · Jean · Jiggs
Lamoille · Las Vegas · Laughlin · Lee · Lockwood · Logandale · Lovelock · Lund · Luning
Manhattan · Mc Dermitt · Mc Gill · McCarran · Mercury · Mesquite · Midas · Mill City · Mina · Minden · Moapa · Moapa Valley · Montello · Mound House · Mount Charleston · Mountain City · Mountain Springs · Mt Charleston
N Las Vegas · Nellis AFB · Nixon · North Las Vegas
Oasis · Orovada · Overton · Owyhee
Pahrump · Palm Gardens · Panaca · Paradise Valley · Pioche · Primm
Reno · Round Mountain · Ruby Valley · Ruth
Sandy Valley · Schurz · Searchlight · Silver City · Silver Springs · Silverpeak · Sloan · Smith · Spanish Springs · Sparks · Spring Creek · Stagecoach · Stateline · Sun Valley
The Lakes · Tonopah · Tuscarora
Valmy · VC Highlands · Verdi · Virginia City
W Wendover · Wadsworth · Walker Lake · Washoe Valley · Wellington · Wells · Wendover · West Wendover · Winnemucca
HUD’s list of approved HECM Counselors in Nevada.
Counseling is mandatory in all states for those who wish to get a HECM loan.
(6 records were selected, 6 records displayed.)
Category: American mortgage