Choice One Mortgage is a trusted resource dedicated solely to reverse mortgages.
- Family owned and operated, we are one of the nation’s top reverse mortgage lenders.
- Our goal is matching customers with the right product, and empowering you with financial independence.
- We offer a wide variety of reverse mortgage choices to meet your individual needs and ensure your best interests are kept in mind.
What is a reverse mortgage?
The definition of a reverse mortgage is simply a loan, and over the years it has continued to evolve into one of the safest mortgage products on the market today. Backed by federal insurance, thousands of seniors have already enjoyed the benefits of this financial tool.
It is for seniors age 62 and older. HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) and allow homeowners to convert their home equity into cash with no monthly mortgage payments.
We can help you receive the following benefits of a reverse mortgage:
- Tax-Free Funds for as long as you live in the home.
- No loan repayment as long as you live in your home, aside from taxes and insurance.
- No restrictions on how you use your money.
- No risk of default on your home if you meet the terms of your loan.