UT Reverse Mortgage

Basic UT Reverse Mortgage Facts:

In a UT Reverse Mortgage, the home owner makes no payments and all interest is added to the lien on the property. If the owner receives monthly payments, then the debt on the property increases each month. If a property has increased in value after a UT Reverse Mortgage is taken out, it is possible to acquire a second (or third) reverse mortgage over the increased equity in the home.

UT Reverse Mortgage Info:

Vanguard Mortgage & Title, Inc. - Reverse Mortgages

MD, DC, VA, WV, DE, NC, CO, and UT. Reverse Mortgages A Reverse Mortgage is a special kind of mortgage available only to homeowners aged 62 or older who own their own home.

Reverse Mortgage

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One Mortgage Network, Inc.

If you have any more questions, Please contact us at 800-736-1642 or fill out the form below to have one of our reverse mortgage specialists contact you directly.

Further UT Reverse Mortgage Info:

To qualify for a UT Reverse Mortgage in the United States, the borrower must be at least 62. The borrower must pay off any existing mortgage with the proceeds from the reverse mortgage and, if needed, additional personal funds. There are no minimum income or credit requirements for most UT Reverse Mortgage, and for most rUT Reverse Mortgage, the money can be used for any purpose. Some types of dwellings, such as lower-value mobile homes, do not qualify. Before taking out a UT Reverse Mortgage, applicants must seek HUD approved counseling. The counseling is a free safeguard for the borrower and his/her family, to make sure the borrower completely understands what a Reverse Mortgage is, and what the process of obtaining one is.