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Clarksville Reverse Mortgage

Reverse Mortgage

If you are 62 years old and own your home, you may qualify for a reverse mortgage. A reverse mortgage is a great way to supply your family with the comfort of extra income. A reverse mortgage takes equity from your current home and gives you payments of cash to use for other expenses. Understanding the criteria for reverse mortgages will help you find out if it is right for you.

Eligibility Criteria-

  • ● You are at least 62 years old
  • ● You currently reside in your home
  • ● You are not delinquent of any federal debt
  • ● Must be approved by a counselor from a US Department of Housing and Urban Development (HUD) approved agency

Be sure to thoroughly research reverse mortgages and your current finances to ensure that a reverse mortgage is right for you.

Reverse Mortgage Facts

  • ● An average of 5,000 reverse mortgages are funded every month.
  • ● More than 80,000 reverse mortgages have been issued since 1990*.
  • ● 95% customer satisfaction rate**
  • ● 80% of borrowers would recommend a reverse mortgage to friends and family***

*Reverse Market Insight as of January 31, 2013
**AARP Public Policy Institute, “The 2006 AARP National Survey of Reverse Mortgage Shoppers,” 2006.
***Marttila Strategies, Survey for the National Reverse Mortgage Lenders Association, October 2011.

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Castle Rock Mortgage is an approved VA Lender. Castle Rock Mortgage is not affiliated with any Government agencies including VA, FHA, or HUD.
We value our clients' peace of mind. For your protection, a surety bond is in place with the Tennessee Commissioner of Financial Institutions.
Clarksville Refinance, 120 Center Pointe Dr. #4  ClarksvilleTN  37040.  Phone: 931-906-1489
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