Reverse Mortgages

Overview

Reverse Mortgages—also known as HECM (Home Equity Conversion Mortgage) loans—are an important financial option for Minnesota homeowners 62 years of age or older. Reverse Mortgages have several benefits and can play an important role in helping seniors strengthen their financial strategy, meet their family's retirement needs, and boost their monthly income. As a result of these benefits, Reverse Mortgages have grown in popularity in Minnesota and throughout the U.S. over the last 50 years.

Benefits

  • Own & live in your home while receiving cash
  • No monthly mortgage payments
  • Convert your home’s equity into cash
  • Lets you stay in your home & maintain the title
  • Unused funds from your line of credit will grow annually
  • Federally Insured by FHA (Federal Housing Administration)

 

If you're trying to find a trusted lender, you're in the right place. Are you wondering who offers the best rate? Curious how much you can qualify for? We can answer any questions you have about a Roseville, MN mortgage and help you find a program that best meets your needs. If you're interested in a home loan in Roseville, MN, Mann Mortgage can help you make it happen.

Please call today to speak with a loan officer at (651) 251-6975, email us, or apply online in less than 10 minutes using the secure online application below. We look forward to answering your questions and helping you make your dream of homeownership a reality!


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