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| Is It Safe? |
| Absolutely! A majority of Reverse Mortgages are FHA insured. And, as long as you continue to live in the home as your primary residence, keep your real-estate taxes and insurance current, and maintain the property in reasonable condition, you do not have to make a payment or repay the loan. Upon the death of the last borrower on title, or should you move or sell the home, then the loan must be repaid including any accrued interest and fees. However, the amount that you are legally obligated to pay can never exceed the value of the home at the time it is sold. Any remaining equity in the home belongs to you or your heirs and none of your other assets will be affected by this loan. |
Mortgage Trust Company 2345 Bee Ridge Road Suite 7B Sarasota, FL 34239
(941) 925-1990 Toll Free: (877) 905-5626