REVERSE MORTGAGES

A home equity conversion mortgage (HECM), more commonly known as a Reverse Mortgage enables homeowners to tap into their equity without selling their home. This is a loan insured by FHA for any homeowner who is at least 62.

You can convert some of your hard earned equity into tax-free money.
Because there are different reasons for wanting a reverse mortgage, there are different methods of receiving money from one. Mortgage Linc will review these differences with you.

Or use a reverse mortgage to purchase a home if you are looking to downsize or move closer to your family.

If you would like to hear how safe and easy it is to use your equity as a financial safety net, please call us today at 205-987-2350 for a free, no obligation consultation. Mortgage Linc is one of the most respected provider of reverse mortgages in the State of Alabama.

• NO monthly payments ever needed
• NO change of ownership of your home
• NO income or credit qualifying
• NO financial worries

Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the proceeds do not interfere with Social Security or Medicare benefits. You cannot outlive your loan nor can you be forced to sell your home.

Why Mortgage Linc?

Mortgage Linc has been in the reverse mortgage business for quite some time in Alabama. Mortgage Linc is an independent mortgage broker. This is an advantage to our clients because we are not tied to any single lender.We are an approved mortgage broker with 6 different lenders, each having slightly different programs to choose from.

If you have any questions or would like more information regarding Reverse Mortgages, please call us at 205-987-2350 or click one of the links below:

Qualifications and eligibility

 

How to use a Reverse Mortgage to PURCHASE a new home

 

Frequently Asked Questions about a Reverse Mortgage

                            MORTGAGE LINC LLC NMLS #203649
                1855 DATA DRIVE SUITE 150 B BIRMINGHAM, AL 35244
                        PHONE: 205-987-2350 FAX: (205) 444-5416
                           E-MAIL: MGILES@MORTGAGELINC.NET