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A Reverse Mortgage is a great way to address deferred maintenance and safety issues needed for you or your parent’s home.  Most homeowners may not consider the safety issues caused by deferred maintenance to one’s home as a concern or long-term objective, as the concept of home safety is normally seen as establishing your home safe from immediate danger, risk, and injury.  Moreover, it is equally important to maintain a safe environment that comes with a necessary standard of living to avoid unnecessary injury and enjoy greater health and longevity.   


The trend in deferred maintenance with our senior citizens is concerning.  The greater issue with deferred maintenance is that it only grows in scope—and cost—the longer it is prolonged as it is not uncommon for a “repair” to turn into a “replacement” because in the process of being deferred, it becomes completely broken.  


As homeowners, you may have heard of reverse mortgages from any number of sources.  Reverse mortgage loans, the government-insured version called Home Equity Conversion Mortgages (HECMs), are home loans that enable seniors to access a portion of their home equity without having to pay a monthly mortgage principal and interest payment.  A reverse mortgage can be a safe plan that can give older Americans greater financial security when making decisions on necessary home repair.  Many seniors use it to supplement fixed income, meet unexpected medical expenses, make home improvements, and more.   


However, the important question is what are the features of this loan—and are they right for you?  


How can a reverse mortgage help me with retirement planning? 

Here are just a few ways a reverse mortgage loan can help.  

  • Eliminate monthly mortgage principal and interest payments 
  • You remain as the homeowner and stay in your home 
  • how you spend the proceeds of the loan is up to you 

How do I qualify for a reverse mortgage loan?  

There are just a few eligibility requirements to qualify for a reverse mortgage.  

  • Borrower must be aged 62 or older 
  • The borrower must own the home 
  • The home must be and remain the borrower's primary residence 

What are my obligations as a borrower?  

A reverse mortgage loan is a loan like any other, and there are terms that must be met by borrowers. For instance, you are responsible for paying your property taxes, homeowner's insurance, and the home must be well maintained at all times. The loan only becomes due and payable when the borrower moves away, passes away, sells the home or defaults under these terms.  


The concept of home safety although should cover the immediate dangers, risks, and injury, should also include a safety and stability for the future.  


For more information and to see if a reverse mortgage is right for you, feel free to contact me.  

Loan Origination 
If you are curious about how to purchase or refinance your home with a Reverse Mortgage, I would be happy to talk to you personally about meeting your financing needs at no cost or obligation to you.  If you have any questions regarding this information, please call me at your convenience. 


Mark E. Ary, MBA 
Senior Licensed Loan Originator 
NMLS License # 499320 
NAR License # 258006473 
FAR License # 3078731 
Notary Public 
"Experience and Integrity... It Matters" 

"What sets me apart from my competition is that my 
rates and fees are among the best in the nation." 

Trust Mortgage Inc.  

1222 SE 47th Street Cape Coral, FL 33904 

(239) 549-1997 Direct 
(239) 215-8436 E-Fax