Gain new financial flexibility through a reverse mortgage from Senior Lending Corporation in Georgia. Our advisors help homeowners in Georgia qualify for a Home Equity Conversion Mortgage (HECM) or proprietary reverse mortgage. From understanding the requirements to mapping your repayment strategy and guiding you through the application, we can provide valuable support.
A reverse mortgage is a borrowing option available to older homeowners in Georgia and around the United States. Depending on the type and your qualifications, a reverse mortgage provides access to a line of credit, incremental dispersion or a lump sum up to your home’s value. Determining factors may include your age, your equity, Georgia’s housing market and current mortgage interest rates. A reverse mortgage pauses your payment obligations — aside from local Georgia property taxes — as long as the property remains your primary residence.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
Senior Lending Corporation works with two types of reverse mortgages — the HECM and the proprietary or jumbo reverse mortgage. There are also numerous differentiating factors between an HECM and a proprietary reverse mortgage. As a proprietary and HECM advisor in Georgia, our job is to start you on the path toward qualifying for the ideal reverse mortgage type for your circumstances.
The HECM is a government-backed reverse mortgage based on your home’s appraisal value, depending on your qualifications. You can apply for an HECM at or above age 62, making it a competitive funding option for retirement-aged Georgia homeowners.
HECMs are insured by the Federal Housing Administration (FHA), provided by FHA-approved lenders and regulated by the United States Department of Housing and Urban Development (HUD). The insurance and regulations protect you as the borrower by guaranteeing access to funds and capping the balance at a safe value.
The proprietary reverse mortgage is a private-sector alternative. Fewer regulations and restrictions apply to proprietary mortgages, so you can borrow more money and enjoy greater flexibility in how you spend the money. You can apply when you reach 55 years of age. We use our proprietary HomeSafe reverse mortgage to accommodate Georgia homes appraised at up to $4 million, including townhomes, condos and SFR up to four units.
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Each type of reverse mortgage offers key advantages — financial flexibility and low-risk lending. You can access the money using your preferred dispersal method and use it for nearly any expense. As non-recourse financing, the amount you pay for a Senior Lending Corporation product will never surpass your home’s value.
You can use your reverse mortgage in numerous scenarios to cover ongoing or immediate expenses.
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.
Senior Lending Corporation is one of the premier reverse mortgage companies in Georgia. We make reverse mortgages available to homeowners throughout the state:
The reverse Georgia mortgage process begins with a personalized consultation and straightforward application. Senior Lending Corporation is ready to help, so call us at 800-822-1190 or request an information kit to start working with a licensed mortgage advisor in Georgia.
