Our Services

We will provide you a detailed analysis of several different loan options available to you. We broker reverse mortgage loans through several different companies in order to provide you with the best rates and best programs out there. We'd love to talk with you!

STEP 1: Estimate the value of your home

Licensed Realtors available to perform a thorough market analysis of your home. This will help you understand how much you may qualify for.

STEP 2: Estimate the amount of equity in your home

Once we estimate how much equity is available and take into account any outstanding loans you have on the property we can then determine what you qualify for.

STEP 3: Qualify you for the reverse mortgage

The value of your home, the age of the youngest borrower (at least one borrower needs to be 62), the interest rate of the reverse mortgage loan, and any current mortgage loans on the property will allow us to determine what you qualify for.

STEP 4: Close your Reverse Mortgage loan!

Depending on your qualifications you can take equity out of your home with no loan repayment, get line of credit for future use, or simply eliminate mortgage payments for the rest of your life*

How can I use a Reverse Mortgage to my advantage?

Example 1:  TAP YOUR EQUITY– Use your equity for living expenses, home repairs, traveling, etc. You can get cash at closing, a line of credit, monthly payments for a specified term, or any combination of those, depending on your qualifications. You can do this without having to repay your loan.

Example 2:  PURCHASE A NEW HOME– A reverse mortgage is a great purchase option. Let’s say you want to downsize but use as little of your equity as possible for the new home. You can put a lower down payment on the new home, take out a reverse mortgage, and live mortgage free for the remainder of your life in the new home.

Example 3:  ELIMINATE CURRENT MORTGAGE PAYMENTS– You can use a reverse mortgage to payoff your existing mortgage and not have a mortgage payment for the rest of your life.*

Retired Couple - Utah Reverse Mortgage

Financial Freedom and Peace of Mind

  • Elminate monthly mortgage payment* which frees up cash for property repairs, travel, in-home care, and any other expenses needed

  • Take your equity as monthly payments (if qualified) to increase cash flow

  • Delay taking Social Security benefits- which increases monthly Social Security payments later in life

  • Make retirement savings last longer by decreasing monthly distribution amounts

  • Reverse Mortgages are government insured, which means they are stable and safe

  • You will never owe more than the home is worth

  • Downsize and buy smaller home using a reverse mortgage which allows for a lower down payments and no loan repayment.

Retired Couple on beach- Utah Reverse Mortgage
Call Us Now 801.900.4835
Emal Us info@WasatchReverse.com
Our Company 11576 State St #102B Draper,UT 84020

Request A Call Back

Would you like to speak to one of our financial advisers over the phone? Just submit your request below and we’ll be in touch shortly. You can also e-mail us with any questions.

*If you qualify and your loan is approved, a Reverse Mortgage must pay off your existing mortgage(s). With a Reverse Mortgage, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A Reverse Mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.