Q: How much money can I receive?
A: The amount of money you receive is dependent upon several factors: your age, the value of your home, current interest rates and the specific plan you choose. We can help you determine which plan best meets your needs. While each individual's situation is different, as a rule of thumb the older you are and the higher your home's appraised value, the more money you receive.

Q: What are the costs?
A: Costs vary from one program to another. that's why we offer a variety of programs to meet a variety of needs. Most reverse mortgages, however, have costs similar to traditional mortgages such as interest charges, origination fees, closing costs, inspections and insurance.

Q: When does the loan become due and payable?
A: As long as property taxes and home insurance are paid, and the home is kept in good working order, the loan is due and payable when the borrower sells the property, permanently leaves the home, or passes away.

Q: Can we make the process easy?
A: We have worked hard over the past several years to simplify the process. We believe the first step is the most important. That's when you and your loan advisor review your goals and objectives and decide which plan best meets your needs. Once you are comfortable that you are making a good decision the process moves forward.

Q: Who should I look to for advice?
A: Decide who you trust, then discuss your intentions with them. It may be your attorney, a financial advisor, AARP, a family member or close friend. We want you to feel confident in your decision.

Q: Are there any restrictions on what I can do with my money?
A: You can use the proceeds to whatever end you choose. After all, it is your money.

Q: Whose name is on the home's title?
A: Yours. The borrower retains title to the property. A reverse mortgage is a lien just like a traditional mortgage.