Reverse Mortgage Appraisals
A reverse mortgage is a financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income. If you’re a property owner who meets the minimum age requirement, you can borrow against your equity to get cash or a line of credit from a lender. However, unlike a regular mortgage, you aren’t required to make monthly loan payments; you’ll repay the loan when you or your heirs sell the house. A complete FHA appraisal is required to obtain a reverse mortgage.
At NAN, our Reverse Mortgage Team is highly trained in the reverse mortgage process and works with a network of FHA certified appraisers around the country who are experienced in FHA appraisals for reverse mortgages and who can provide accurate appraisal reports the lender can count on.
- Helps Secure Retirement
- No Tax Liability
- Payoff Existing Home Loan
- Stay in Your Home
- Home Equity Conversion Mortgage (HECM)
- HECM for Purchase
- HECM Refinance
- Proprietary Reverse Mortgage Loans