Are you ready to explore reverse mortgage options and begin your journey towards financial flexibility and security? We have the reverse mortgage information to help.
At Waterstone Mortgage, we specialize in offering reverse mortgage services to local seniors throughout Virginia and 23 other states. We educate you on reverse mortgage information and help you in finding the best reverse mortgage option that is aligned with your needs and requirements. Our goal is to help senior citizens to be financially secure in their retirement.
Get in touch with one of our trusted reverse mortgage specialists today and discover how a reverse mortgage will convert your home equity into cash. You can call us at 434-529-8421 or contact us online to get answers to your questions or to set up a personal meeting with us.
Contact Waterstone Mortgage
Phone: 434-529-8421
Hours: Monday – Friday: 8:30 AM – 5:00 PM
Reverse Mortgage Information: Dissecting the Myths
When it comes to reverse mortgage information, there are several myths that you may encounter. So it is important to know the facts and get the right information. Here are some common myths:
- One prevalent myth is that you lose your home ownership. That’s false. In reality, you retain your home ownership just as you retain home ownership when you apply for a traditional mortgage loan.
- Another myth is that reverse mortgages involve high fees and costs. The fees are similar to a traditional mortgage. You don’t have to pay more than the traditional mortgage (except for funding purposes).
- There is a common misconception that heirs inherit debt when the homeowner passes away. However, this is not the case. In the event of a homeowner’s passing, the heirs have the option to sell the home to clear the loan balance. If the loan balance exceeds the value of the home at the time of sale, the heir is not responsible for covering the difference.
- There is a misconception that the funds obtained through reverse mortgages can only be used for specific purposes. This is absolutely false. You can use the fund as you want, be it for home renovation, healthcare, or any other purpose.
- Another misconception is that you cannot sell your house. That’s not true. You can sell your house at any time you wish. All you need to do is repay the loan balance and the interest at the closing.
Helping You Get the Reverse Mortgage Information You Need
When it comes to reverse mortgage services, choosing the right partner is paramount. The right partner can help you make the right choices and guarantee a secure financial future, and Waterstone Mortgage does exactly that.
Why are we the right partner? First, we have expertise in the intricate landscape of reverse mortgages. Second, we know each case is unique, and we offer tailored solutions based on the uniqueness of the case. Third, transparency is the cornerstone of our service. We offer clear and transparent reverse mortgage information, helping you to make informed decisions. Finally, we offer exceptional customer support. Our support doesn’t end at the completion of the reverse mortgage process. We provide ongoing support even after the process is complete.
Looking For Reverse Mortgage Information? Contact Waterstone Mortgage
If you are looking for answers to reverse mortgage questions or want to learn more reverse mortgage information, speak directly with one of our experts. Based out of Charlottesville, VA, we offer in person and customized consultations for local seniors and homeowners. To reach us, you can call us at 434-529-8421 or contact us online.
