<div class="column" data-pm-slice="2 2 ["document",{"docId":"vr445qqz76ti6bp","background":{"type":"none"},"docFlags":{"cardLayoutsEnabled":true},"format":"deck","customCode":{},"settings":{},"generateStatus":"done","generateInfo":{"interactionId":"4jhlhiknotfikjz","streamId":"vr445qqz76ti6bp","lastEventId":"1235","lastCompletedCardId":"ms8zb4a1ve9outh","lastCompletedCardIndex":7}},"card",{"id":"zv9k1x8fw6tn0x3","previewContent":null,"background":{"type":"none"},"container":{},"cardSize":"default","layout":"blank","layoutTemplateColumns":null,"generatorInput":null},"cardLayoutItem",{"itemId":"body","background":{}},"gridLayout",{"colWidths":[33.33,33.33,33.33],"fullWidthBlock":false}]"> Borrowers do not need to make monthly payments on the loan. Instead, the loan is repaid when the home is no longer their primary residence.

Reverse Mortgages - Renato Rodic -Mortgage Loan Originator

Is A Reverse Mortgage Right for You?

Get a quote on a Reverse Mortgage & find out how much you qualify for 👇

I Want My FREE Reverse Mortgage Quote!

The Lowdown on Reverse Mortgage Loans…

Why a Reverse Mortgage?

A reverse mortgage is a type of home loan that allows homeowners, typically those aged 62 or older, to access a portion of their home's equity in the form of loan proceeds. Instead of making monthly payments to a lender as with a traditional mortgage, the borrower receives payments from the lender based on the accumulated equity in their home. Here are some reasons why someone might consider a reverse mortgage:

Reverse Mortgage

Full or Partial Lump Sum
Line of Credit
Monthly Payments
Combination of Any of These

Our Reverse Mortgage Rates Are Low & Our Process is Quick & Painless

A reverse mortgage is a loan for seniors aged 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments. We’re here to make the reverse mortgage process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our Reverse Mortgage Qualifier. We’ll help you clearly see the differences between reverse mortgage options, allowing you to choose the right one for you.

The Reverse Mortgage Process

Here’s how our reverse mortgage process works:

Complete our simple Reverse Mortgage Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs

Reverse Mortgage

Advantages of a Reverse Mortgage

Financial Flexibility

Borrowers can use the loan proceeds for anything they choose.
This can be helpful for supplementing retirement income or covering unexpected expenses.

No Monthly Payments

Borrowers do not need to make monthly payments on the loan.
Instead, the loan is repaid when the home is no longer their primary residence.

Protected Home Equity

Borrowers can access funds without selling their home, thus retaining ownership.
The loan amount is capped at the value of the home when it is repaid.

Eligibility for a Reverse Mortgage

Age Requirement

Borrowers must be at least 62 years old.

Home Ownership

Financial Assessment

Applicants are evaluated based on income, credit history, and property taxes.

Calculate Your Payments

Use our Payment Calculator to estimate your monthly mortgage payment. You can input a different home price, down payment, loan term and interest rate to see how your monthly payment changes.

Live Market Pricing

Welcome to our comprehensive live market pricing feature! We understand that securing the best mortgage rate is crucial when making one of life’s biggest investments.

Loan Process

Welcome to our comprehensive guide to the loan process. Whether you’re a first-time homebuyer or experienced investor, understanding the steps involved in securing a loan is crucial. We’re here to simplify this journey for you.

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2024 | NEXA Mortgage LLC.
Licensed In: AL, NMLS # 1615600 | NMLS ID 1660690 | AZMB #0944059
Corporate Address : 3100 W Ray Rd STE 201, Office 209 Chandler, AZ 85226

Renato Services all of

Alabama