A reverse mortgage loan allows seniors aged 62 and above access the cash equity they have built up in their homes. Team Mortgage Company specializes in reverse mortgage loans and helps you to understand how these loans can benefit you and your family.

Several different reverse mortgage loan products exist. Fannie Mae Home Keeper, Jumbo Cash-Out Loan, and the HUD-insured Home Equity Conversion Mortgage (HECM) remain the most common.

A reverse mortgage loan works differently than a traditional home loan — allowing you to borrow money from a lender — with the lender making monthly payments to you, rather than the other way around. In addition, all interest is paid at the end of the loan, rather than at the beginning.