Ready to unlock the financial potential of your home? Discover the different types of reverse mortgages designed to fit your unique needs, whether you're looking to stay in your home, downsize, or tap into more equity. Our CrossCountry Mortgage team is here to help you find the right option with confidence!
The most popular choice, the HECM is FHA-insured and perfect for homeowners 62+ with significant home equity. Enjoy flexible options like a lump sum, monthly payments, or a line of credit—no income or medical requirements needed! Live comfortably in your primary residence with peace of mind.
Own a high-value home? These private loans offer larger loan amounts than HECMs, perfect for properties above FHA limits. With more flexibility and no federal insurance, they’re a great fit for homeowners seeking tailored solutions, though costs may be higher.
Designed for high-value homes, jumbo reverse mortgages provide larger loan amounts for properties exceeding HECM limits. Not FHA-insured, they offer big opportunities for homeowners with premium properties, though interest rates may be higher.
Already have a reverse mortgage? Refinancing could unlock more funds or better terms, especially if your home’s value has grown or rates have dropped. Let us help you weigh the benefits to ensure it’s the right move for you!
Looking to relocate or downsize? A HECM for Purchase lets you buy a new home and access its equity without monthly payments—all in one easy transaction. Perfect for older homeowners ready for a fresh start!
Connect with our friendly team at CrossCountry Mortgage to explore refinancing options tailored to your financial goals.
Josh TImko
Phone: (330) 356-4663
josh.timko@ccm.com
