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Reverse Mortgage Loan Answers & Questions
These types of loans are becoming an increasingly popular alternative for seniors to add income to their retirement by offering a secure option for obtaining cash based on how much equity they have in their homes.

What is a Reverse Mortgage Loan ?

Reverse Mortgage loans allow homeowners who are older than 62 to convert part of their home equity into tax-free cash payments. The loans are insured by HECM & the Federal Housing Administration (FHA)

What is the difference between a home equity loan and a reverse mortgage.

With a traditional home equity line of credit or mortgage, you will need to meet a minimum credit and income requirements in order to qualify for the loan, and you will have to continue to make monthly loan payments. However; with this loan type , there are no income or credit score requirements and you do not make loan payments.

Reverse Mortgage

Will I have to repay a Reverse Mortgage loan?

You will eventually have to repay  your reverse loan, however your payment will not be due as long as  you live in your home and maintain it. The FHA requires that you maintain insurance and property tax payments.

Do I still own my home with these types of loans?

Does a Reverse Mortgage Loan change my eligibility for Medicare or Social Security benefits?

Reverse mortgage loans normally do not change your edibility for Social Security or Medicare benefits. Other government programs such as Supplemental Security Income (SSI) and Medicaid can be affected by a reverse mortgage loan. Homeowners should consult with a qualified expert to find out if there would be any changes to their government benefits.

Reverse mortgage questions and answers – Aplusmortgagerates, Inc. (Aplusmortgagerates.com) Go to our About Us Get A Free Quote

Aplusmortagerates.com Our Message

We are a direct lender and our service and commitment to quality is legendary. 

Over the years, thousands of homeowners have used the expertise of aplusmortgagerates.com for reverse mortgages and other lending programs because of our desire to assist families and homeowners with professionalism and respect. With our highest quality service we assist homeowners with purchasing and fiancé decisions that best match their situation and goals. We know that home purchases and refinancing can be stressful that  is why we use our more than two decades of experience to make the mortgage process worry free and easy.

Do You Need help with signing in, an in-process loan, or a closed loan?

Here are the hours you can reach us at (800) 888-8888
Monday – Friday: 9:00 a.m. – 9:00 p.m. ET
Saturday: 9:00 a.m. – 6:00 p.m. ET

Aplusmortgagerates.com Background

As Founder and Chief Executive Officer of Aplusmortgagerates, Mehrak has helped thousands of homeowners obtain extra cash through reverse mortgages and other hybrid loan options.


As Founder and Chief Executive Officer of Aplusmortgagerates, Mehrak has helped develop finance programs that are above and beyond the average reverse mortgage companies.

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