Welcome to Simply Approved Mortgages, your trusted partner in navigating the world of reverse mortgages. As experts in the mortgage industry, we are dedicated to helping you understand how a reverse mortgage can enhance your financial freedom. Explore how our services can provide you with the flexibility and financial support you need in retirement.
A reverse mortgage is a financial tool designed for homeowners aged 62 and older, allowing them to convert a portion of their home equity into tax-free income. Unlike a traditional mortgage, where you make monthly payments, a reverse mortgage lets you receive payments from your lender. This option can help you maintain your quality of life without the burden of monthly mortgage payments.
Reverse mortgages provide a reliable source of income during retirement, helping you cover living expenses, medical costs, and other needs.
Enjoy the convenience of not having to make monthly mortgage payments. The loan is repaid when you sell the home, move out, or pass away.
Choose from lump-sum payments, monthly payments, or a line of credit based on your financial needs and goals.
Continue living in your home as long as you continue to meet the obligations of the loan, including paying property taxes, homeowners insurance, and maintaining the property.
Contact us for a free consultation. We’ll discuss your financial situation and determine if a reverse mortgage is right for you.
We’ll guide you through the application process, including gathering necessary documents and completing required counseling.
Once approved, we’ll finalize your loan and disburse the funds according to your selected payout option.
Use 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 mortgage professionals is here to provide you with personalized advice and support.
We ensure that you fully understand the terms and benefits of your reverse mortgage.
Benefit from some of the most competitive rates available in the 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