Are you 62 or over? Understand Reverse Mortgage

Tennessee Reverse Mortgage FHA Home Mortgage Loans by Bank of England Mortgage Tennessee
Chattanooga Mortgage Lenders |Reverse Mortgage Lending Chattanooga Johnson City Reverse Mortgage Lenders Knoxville Reverse Mortgage | Knoxville Mortgage Lenders Nashville Reverse Mortgage | Nashville Mortgage Lenders Sevierville Mortgage Lenders | Mortgage Lenders in Sevier County Your Reverse Mortgage Questions Answered

How does a Reverse Mortgage Work?

BOELogoWith a reverse mortgage, you borrow against the equity you have established in your home and you do not need to repay the loan for as long as you live in the home as your primary residence, maintain your home in good condition, and pay property taxes and insurance. You can live in your home and enjoy making no monthly principal and interest mortgage payments.

All loans are subject to credit approval including credit worthiness, insurability, and ability to provide acceptable collateral. Not all loans or products are available in all states or counties. A reverse mortgage is a loan that must be repaid when the home is no longer the primary residence, is sold, or if the property taxes or insurance are not paid. This loan is not a government benefit. Borrower(s) must be 62 or older. The home must be maintained to meet FHA Standards, and you must continue to pay property taxes, insurance and property related fees or you will lose your home.

footer-bbb  EHLnobackground  fha-2

Visit our Home website at http://www.boetennessee.com.
You can also visit our other “sister” websites that may be helpful to your home ownership future:
http://www.fhahomeloanapplication.com
http://www.vahomeloanapplicaitons.com
http://www.usdahomeloanapplication.com

NMLS 418481