Lenders – Reverse Mortgages
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Find Reverse Mortgages in New Hampshire
A reverse mortgage is a loan. Unlike a home equity loan however, it does not need to be paid back until you are no longer using the home as a primary residence. The bank makes payments to you based on your home equity value.
To be eligible, one of the homeowners must be 62 years of age or older. They can be a small balance owed, but that would be paid off with your new reverse mortgage. Loan proceeds can be used for any reason. You can receive your money in a lump-sum, monthly payments, a line of credit or any combination stated.
This is a specialized field and the mortgage originators have the experience and training to assist you.
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