Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.
Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.
What are reverse mortgages?
Reverse loans are a financial tool that allows homeowners aged 62 and older to access a portion of their home’s equity in the form of cash, a line of credit, or a combination of both. Unlike traditional mortgages, reverse loans do not require monthly payments, and the loan balance becomes due when the borrower no longer uses the home as their primary residence. Reverse loans have several benefits, including providing an additional source of income, allowing borrowers to pay off debt or make home repairs, and enabling them to age in place. Reverse loans are an ideal option for seniors who own their homes and have substantial equity but have limited income or savings to cover their expenses.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
Reverse Mortgages at a glance.
- Unlike traditional mortgages, there are no monthly payments required with our reverse loan.
- The loan is typically repaid when the homeowner dies, sells the property, or moves out permanently.
- A reverse loan can provide additional income to help you cover your living expenses in retirement. This can be especially helpful if you have a fixed income and are struggling to make ends meet.
- Our Polson branch serves several towns in Montana, including Pablo, Finley Point, Ronan, and Jette.
- We work closely with our clients in all these towns to provide them with the best possible mortgage solutions, whether they are looking to buy their first home or refinance an existing mortgage.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
reverse mortgages
To qualify for a reverse loan, you must be at least 62 years old and own your home outright or have a significant amount of equity in it. Your home must also be your primary residence. Your credit score and income are not typically taken into account.
The amount you can borrow with a reverse loan depends on several factors, including your age, the value of your home, and current interest rates. Generally, the older you are and the more valuable your home is, the more you can borrow. The maximum amount that can be borrowed under a reverse loan is typically capped at a certain amount, which varies by lender and location.
We have been providing mortgage services for over 30 years and have earned a reputation for offering reliable and efficient mortgage services to homebuyers and homeowners throughout the United States. We are a team of experienced mortgage professionals dedicated to helping clients find the right mortgage product to fit their needs and budget.
“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”
Michael S.
Let's get you home.
0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.
