Free Information!
A Guide To Aging In Place
Learn How To Use A Reverse Mortgage To Buy A House
See the Top 10 Home Improvements for Seniors
Find Out What The 2008 COLA Increase Means To You
Just The FAQs: Answers to Common Questions About Reverse Mortgages
See the Top 10 Reasons Seniors Get Reverse Mortgages
See the Top 10 Myths About Reverse Mortgages
Learn About Using A Reverse Mortgage As An Estate Planning Tool
Learn About Reverse Mortgage Safeguards
Learn About Pros and Cons of Reverse Mortgages
Using Reverse Mortgages For Health Care
Prescott Reverse Mortgage Information
Prescott is well-known as one of the best places to retire in America. With more and more people turning 62 every day, it is no wonder that many choose Prescott or the Prescott Valley as their place to call "home" and enjoy retirement.
The "small-town, high-country feel" of Prescott has brought many seniors here and the friendly atmoshpere and enjoyable climate keep them active in their favorite pastimes year-round.
Whether golfing, hiking, fishing on Lake Watson, hiking on Thumb Butte or enjoying a night-on-the-town on Whiskey Row, Prescott has something for every active senior.
Many seniors in Prescott have chosen to enjoy their golden years rather than worry about making their next mortgage payment -- they have started putting their mortgage to work for them by using a Reverse Mortgage.
Prescott FHA Reverse Mortgage Counseling
To assist you in making an informed decision we have local experts who can answer every question you have about a reverse mortgage and whether it is right for your situation. If it is determined that a reverse mortgage will meet your needs, you are required to receive consumer education and counseling by a HUD-approved HECM Counselor prior to signing initial documents to get the process started.
Prescott FHA Reverse Mortgage Qualifications
As long as you live in your home and keep your taxes and insurance paid, you can never be forced out. The federal government also guarantees your reverse mortgage, which means that you don't ever have to make a payment, you can never owe more than your house is worth and your heirs can make the decision on whether to sell or move into the house.
To qualify for a reverse mortgage, you must:
- Age 62 years of age or older
- Own your property
- Occupy your property as primary residence
- Single family home or 1-4 unit home with one unit occupied by the borrower
- HUD-approved condominiums
- Manufactured homes and leased land
- Participation in a consumer information session given by an approved HECM counselor
We are Prescott FHA Reverse mortgage specialists, call us today!
Get Started Now!
