Types of Reverse Mortgages
3 Different Ways To Unlock The Equity Of Your Home, Without Moving Or Selling Anything.
Designed to meet the needs of more seniors, with lower rates and fees.
Crown Reverse Mortgage Financial can help you make the most of your reverse mortgage. Let us create your comfortable financial future.
We’re committed to helping you find the right option, based solely on your needs and retirement goals.
Explore the possibilities, including how much money you could receive, by contacting Crown Reverse Mortgage Financial. Call now at (805) 434-5226 to speak with one of our experienced Reverse Mortgage Consultants.
HECM Reverse Mortgage
The HECM Standard reverse mortgage features a fixed or variable interest rate. Depending on your financial circumstances and needs, you can choose to receive your cash in 3 ways:
- In an upfront lump sum, typically up to 60 percent of the available proceeds.
- Over time, as monthly payments.
- As needed, in a line of credit.
You can also select a combination of these options. For example, taking an initial lump-sum amount, and then having the rest available as a line of credit.
HECM For Purchase Reverse Mortgage
Would you like to buy a new home that will better fit your needs, now and in the future?
Crown Reverse Mortgage Financial also offers an attractive HECM for Purchase reverse mortgage.
Are you aged 62 or older? You can purchase a new principal residence directly with the money from your reverse mortgage. Call us, and we’ll help you.
If you own a higher-value home or condo, Crown Reverse Mortgage offers a non-government, proprietary reverse mortgage program.
Like a traditional HECM, Crown Reverse Mortgage Platinum is designed for homeowners age 55+* and over.
Our Platinum program allows eligible borrowers access to more available cash, lower upfront costs, and a low, fixed rate. Call us now at (805) 434-5226 to see if you qualify.
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Crown Reverse Mortgage: Leave A Legacy For Your Loved Ones
*Due to state requirements for the states of Louisiana, New Jersey, and Washington all borrowers must be 60 years of age and in North Carolina, Texas, and Utah all borrowers must be 62 years of age.