Credit Union Mortgage Association, Inc.
Credit Union Mortage Association, Inc.
 
Credit Union Mortgage Association, Inc.

Reverse Mortgage

What is a Reverse Mortgage?

A Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments.

A variety of payment options are available for reverse mortgages. These payment options include a monthly annuity, single lump sum payment, a line of credit, or a combination of these options.

You can find more information on our website about reverse mortgages. Click the buttons, to the right, for information about qualifications for a reverse mortgage, available products and benefits of a reverse mortgage. We have information to better inform you about common misconceptions about reverse mortgages. When you are ready, we provide a convenient online calculator for reverse mortgages.

To apply for a reverse mortgage or speak to a reverse mortgage specialist please contact our office or click the big button to send us an email...

 

Get Pre-Approved

Get Pre-approved!While it really doesn't matter why you need a new house, it does matter how you go about purchasing it. The first step is getting Pre-Approved. Take the worry out of financing and click here for all the details.

What is a Reverse Mortgage?

Reverse MortgagesA Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments. Click to learn more.

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