As you approach your retirement years, your finances are likely at the front of your mind. Living in Arlington offers you many great opportunities, and with a reverse mortgage, you can experience them all. As Arlington’s local reverse mortgage company, Senior Lending Corporation understands your needs, and after years of working in your community, we have the knowledge to guide you through the entire application process with ease.
A reverse mortgage is essentially a loan from your home’s equity, in which you convert a portion of the equity into funds to use for other things like paying for debt, bills or vacation. Using the money you receive from a reverse mortgage helps supplement your retirement income.
A common reverse mortgage homeowners like to get is a home equity conversion mortgage (HECM). It’s the most secure type of reverse mortgage because it is federally insured and has flexible payout options. You could receive the payments as a lump sum or in monthly installments by opening a credit line.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
Though many people hesitate when they hear the word “mortgage,” the benefits of a reverse mortgage are immense for most qualified applicants. HECMs offer incredible advantages over similar loan options, such as:
If you want to get a reverse mortgage, your first step is to talk to one of the reverse mortgage counselors at Senior Lending Corporation in Arlington. We’ll go over the requirements of applying for a reverse mortgage and help you submit an initial application.
Requirements include:
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.
Our goal is to help you feel confident by guiding you through every step of the application until the matter is settled and the money is yours. We’ll start by scheduling you an appointment for a counseling session. This session ensures you have the facts about HECMs and can ask all your questions. From there, we’ll move through the application process as quickly as possible so you can start funding your future today.
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