Work with the experts, we will help you lay out a sensible plan for accessing your home's equity.
Are you leading the most fulfilling life you can be? Are there items you're still waiting to cross off your bucket list? The Rockoff Team brings an unwavering commitment to our clients, helping them provide for their future comfort and security.
Our team helps clients make wise financial decisions that help them achieve their goals for retirement, whether it's increasing cash flow to lead a more fulfilling life or eliminating monthly mortgage principal and interest payments for greater financial security.
Contact us if you're 55 years of age or older and have built equity in your home. We'll help you find the ideal reverse mortgage product to live a more fulfilling life in retirement.
You must occupy the mortgaged property as your primary residence.
You must be at least 55 years of age or older.
You must participate in a financial evaluation to determine how best to structure the reverse mortgage plan.
The Rockoff team's goal is to keep you financially healthy and comfortable throughout retirement.
Receive counseling to ensure and confirm that you have a firm understanding of the obligations and responsibilities of the reverse mortgage.
Reverse mortgage counselors are independent of your lender or the mortgage loan originator.
Must demonstrate a desire and willingness to ensure the upkeep and maintenance of your primary residence.
You will be required to continue the payments of your annual property taxes, homeowners insurance, monthly homeowner association fees, and any other monthly housing obligations you have.
Unless you purchased your home all cash, an independent Certified Residential Appraiser would have appraised your home. The lender will request another appraisal to determine the current value and calculate funds available with consideration given to other factors.
The age of the younger borrower or spouse or non-borrowing spouse is a determinant of the amount of funds that may be received.
The interest rate and loan terms will determine the loan amount. Both fixed-rate and adjustable-rate loans are available.
Your current loan will be absorbed with the reverse mortgage loan.