Welcome to Simply Approved Mortgages, your trusted source for comprehensive information and expert guidance on reverse mortgages. Our mission is to empower retirees with the knowledge and tools they need to make informed decisions about their financial future. Explore how a reverse mortgage can unlock the equity in your home and provide you with the financial flexibility you deserve.
A reverse mortgage is a specialized loan available to homeowners aged 62 and older, allowing them to convert a portion of their home equity into tax-free income. Unlike traditional mortgages, reverse mortgages do not require monthly payments. Instead, the loan balance increases over time and is repaid when the homeowner sells the home, moves out, or passes away.
Reverse mortgages provide a reliable source of income, helping you cover living expenses, healthcare costs, and other financial needs.
Enjoy the freedom of not having to make monthly mortgage payments. The loan is repaid when you no longer live in the home.
Choose how you receive your funds—whether through a lump sum, monthly payments, or a line of credit—tailored to your specific financial needs.
Remain in your home as long as you continue to meet the loan obligations, including paying property taxes, homeowners insurance, and maintaining the property.
Contact us for a complimentary consultation to discuss your financial goals and determine if a reverse mortgage aligns with your needs.
We will assist you in completing the application process, including gathering necessary documentation and completing the required counseling.
Once approved, your reverse mortgage will be finalized, and the funds will be disbursed according to your chosen payout method.
Utilize your reverse mortgage funds as needed while continuing to enjoy the comfort of your home.
To qualify for a reverse mortgage, you must meet the following criteria:
Our team of experienced professionals provides personalized advice to help you navigate the reverse mortgage process with confidence.
We ensure you understand all aspects of your reverse mortgage, including fees, interest rates, and repayment terms.
Benefit from some of the most competitive rates available in the reverse mortgage market.
Simply Approved Mortgages is committed to providing top-notch mortgage solutions and exceptional customer service. Learn more about our services and team.
Company State License# AZMB - 0944059 | NMLS# 1660690