What is a Reverse Mortgage?

A reverse mortgage, or HECM (Home Equity Conversion Mortgage), is a loan that enables homeowners, who are at least 62 years old, to convert some of their home equity into cash. A HECM can also be used to finance a home purchase.

How does it work?

Unlike a traditional loan, no monthly mortgage payments are required with a HECM reverse mortgage. Borrowers are only responsible for paying property taxes, home insurance, and maintaining the home. Reverse mortgage borrowers continue to live in and own the home for as they comply with all of the loan terms.

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About Reverse Loans USA

Reverse Loans USA is the reverse mortgage division of Nationwide Equities Corporation and one of the Top Ten HECM Lenders in the industry. At Reverse Loans USA, our mission is to help seniors and their families gain an understanding of this most useful Government-Insured mortgage product.

Since joining the reverse business in 2010, our team has helped thousands of homeowners across the country safely access the equity in their homes. Call today to speak with a loan officer in one of our 31 licensed states. 

Thank you so much for helping me with my reverse mortgage. Your kindness and patience were greatly appreciated and will always be remembered.
Ruth Whitmore
Borrower
I had a wonderful experience getting a reverse mortgage with Nationwide. I was referred by a friend who had used Nationwide and gave them a call when my husband passed away. They helped through the process and didn't make me feel rushed or pressured like some other companies I spoke to. They also made it extremely easy because I didn't have to leave my house at all.
Patricia Dunkin
Borrower

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