What is a Reverse Mortgage?
If you live in Utah, are 62 or older, and have built up enough equity in your home, a reverse mortgage will allow you to borrow against that equity payment free. Instead of continuing to make mortgage payments, you get paid back the money you have built up in your home - that’s the reverse part.
You never have to repay the loan as long as you live in your home and you can choose to receive the cash disbursements as monthly income, a line of credit, or a lump sum. Also, the reverse mortgage program is federally insured for your protection which lasts as long as you live in your home; 5 months or 50 years! Finally, you keep title to your property so it stays part of your estate.
Working with ReverseUtah.com is easy, we will go anywhere in the State of Utah to come to you! To see if you qualify, try the free calculator to the right. Click on the learn more button to find out more reverse mortgage details, or call 1-800-431-9250 to speak to a representative.Read more
Casey, it has been a real pleasure working with you. I appreciate your patience and assistance. Without you, we wouldn't have been able to put this together for Mom. Thank you very much!Debra W Tooele, UT
I thought I knew what the reverse mortgage was, but I was wrong! This loan is not a bad thing, it was a Godsend and it has made the past few years so much better. Thank you Reverse Mortgage USA!Dorthy K Centerville, UT
You made this process so easy for us, you explained things in a way we could understand and made us feel comfortable every step of the way.Steve D Layton, UT