Seniors Reverse Mortgages and Home Equity Release:
Achieve has added these products to their mortgage mix with the aim to help retirees and seniors live in financial comfort.
Our goal is to educate about reverse mortgages and assist in the next step of applying to a reverse mortgage lender.
Put simply, a reverse mortgage is unlike a standard loan. There are no regular repayments of either interest or capital during the course of the loan. In fact, the loan doesn’t need to be repaid unless you move out and sell your home, or after your death or the death of your nominated surviving partner. When the loan is repaid due to death, the balance of the equity then belongs to your beneficiaries.
The amount that you are eligible to borrow depends on your age and the property valuation at the time of application.
We have access to various lenders who have specialist reverse mortgages product and equity release products.
Please feel free to contact us for a no obligation information session on reverse mortgages.
Contact us or make a loan enquiry to find out more.
Read one of our case studies here. |
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