Your home, your retirement
Reverse mortgage is a goverment-insured loan program that allows homeowner age 62 and older to maintain their financial freedom.
Reverse Mortgage Options
Ameristar Reverse Mortgage offers two different loan options
HECM Fixed Rate
The HECM Fixed Rate – Allows you to draw all of your available proceeds as a lump sum at a guaranteed fixed rate.
The HECM Fixed Rate is a perfect fit for you if you are looking to pay off a big debt like a mortgage, high-interest bills or remodeling your home. If you are in need of a large lump sum of cash with a fixed rate this program is the option for you.
HECM Adjustable Rate
The HECM Adjustable Rate – Provides more flexibility in how you access your proceeds and the rate will move with the market.
The options to receive your proceeds are lump sum, monthly payments, a line of credit or a combination of the three.View Sample Proposal
Each program has it’s own unique benefits so you can choose one that best fits your situation.
Free Personal Analysis
Discover if a reverse mortgage loan is right for you. Please fill out the form to receive your free complete report with a breakdown of the costs and guidelines.
Time is running out for saving money
The mortgage insurance is going up to mandatory fee of 2.00% Upfront and 0.50% Per Annual. You can still get the previous fees and also be able to get more funds as long as you get started by October 2, 2017!