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Reverse Mortgages in Lakewood

Use a reverse mortgage from Senior Lending Corporation to build a better retirement. We help you access the funds you need to cover everyday living using your home equity so you can retire comfortably in Lakewood. 

The town offers many features that make it a great place to spend your older years, from the lively Belmar downtown to various parks, lakes, golf courses and recreational areas. Make retirement better by discussing this option with us.

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How a Reverse Mortgage Works

As a homeowner, you have access to equity on your home, which you can use to take out funds for your retirement. Home equity conversion mortgages (HECMs) are the most common type and an excellent option for offering financial security. These federally insured loans enable you to use your equity without selling your home. 

The process of getting a reverse mortgage is similar to other loan types and includes:

  1. Counseling
  2. Application
  3. Appraisal
  4. Underwriting
  5. Closing

 

Unlock Retirement Funds With a Reverse Mortgage

Your home equity is a powerful asset you can put to work for your benefit. By taking out a HECM with our local reverse mortgage company, you gain flexible funds for various uses, including:

  • Income: Give yourself an extra source of cash to cover your everyday living costs, from groceries to medical expenses. 
  • Home improvements: Make home repairs or upgrades for added comfort or better accessibility. 
  • Debt consolidation: Pay off credit card debt, auto loans and other expenses for easier management of your finances. 
  • Family support: Help your child purchase a home or fund an education for your grandchildren. 

Guiding You Through the Process

We’re here by your side, looking out for you as you consider a HECM and whether it’s right for you. A few reasons to trust us include:

We’ve worked with reverse mortgages for numerous years and have even helped other Lakewood residents secure financing for their retirement.

A reverse mortgage is a big decision, and we’re here to give you all the details you need to make an informed decision.

Are You Eligible?

Many older homeowners benefit from this financial option. To use it, you must be 62 or older and own the property or have enough equity. Other necessities include spending most of your time living on the property and continuing to pay taxes, insurance and Homeowner’s Association fees. 

Qualify In Just 3 Easy Steps

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Reverse Mortgage Application Process

There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.

1

FHA Counseling

2

Application

3

Appraisal

4

Underwriting

5

Closing

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98% Client Satisfaction Rate

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Your Retirement Awaits

The retirement you want is within reach with a HECM reverse mortgage. Call 800-822-1190 to speak with our expert team.