Homestead Financial Mortgage offers reverse mortgages:
Many people don't take advantage of the benefits that a reverse mortgage loan can provide. So, it is important to know the facts about reverse mortgages: what they are, and how they can help.

What is a reverse mortgage loan?
A reverse mortgage takes its name from the role reversal that occurs when a homeowner decides to use one. Instead of the homeowner making payments to the lending office, the lender will pay the homeowner by transferring the home's equity into funds.

How do I use a reverse mortgage?
Mature homeowners (60+) typically use the reverse mortgage to supplement a lagging income. If a homeowner wants to take money out of their home’s equity without selling the home a reverse mortgage will pull the requested funds from the home’s equity.

If you have any questions about reverse mortgages, please contact a Homestead Financial Mortgage consultant to find out if a reverse mortgage could help your financial situation or apply online using our fast application process!