Connecticut Reverse Mortgage

A Connecticut reverse mortgage is a special type of mortgage that enables you as a Connecticut home owner to tap into the equity that you have in your home, while giving you the maximum amount of flexibility to address your particular financial needs. Whether it is in a lump sum to pay an unexpected hospital bill, or a stream of regular payments to supplement your monthly income. Unlike traditional home equity loans, no repayment of the mortgage is required until you no longer occupy the home as your principal residence.

With a Connecticut reverse mortgage, you borrow against the value of your home, and receive loan proceeds according to the payment plan that you select. As a borrower, you are permitted to change payment plans at any time after origination. You may change payment plans as many times as you wish.

When you sell your home or vacate it for any reason, the accrued interest plus what the mortgage lender has lent you through the years is due. You can never owe more on your home than what it is worth.

The only requirements for a Connecticut reverse mortgage are that you be 62 or older, you own your own home and it is your primary residence, and that the lender can pay off any liens, or mortgages that are on your home.

For Connecticut Reverse Mortgage Information

Contact one of our Connecticut reverse mortgage specialists toll free at 1-800-743-9233 or click here to request more information.