Reverse Mortgage

This is a non-recourse loan. This means, the borrowers are not responsible to repay the loan balance that exceeds the net-sales of their home. This loans allows a borrower to access a portion of the equity and do not require monthly mortgage payments. Older homeowners have built up the equity in their homes and can now defer the payment of the loan until they die, sell or move out of the home.

Disclaimer: Information contained herein is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by section 1026.24 of Refulation Z. BlueCrest Mortgage, a California Corporation, NMLS ID 1930841