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The myths, facts and benefits of Reverse Mortgage

Financing your retirement or lifestyle.

We all have retirement dreams. No matter what you want to do, you need a financial plan to make those dreams come true.

A Reverse Mortgage, of which the FHA Home Equity Conversion Mortgage (HECM) is the most common type may help. HECMs are loans that allow seniors age 62 or older to convert a portion of their home equity into cash, with a maximum loan amount set annually by the Federal Housing Administration. There are other proprietary portfolio reverse mortgage products are available for those as young as 55 or for unique properties and jumbos not covered by the FHA HECM.

The funds are advanced against the value of your equity, and interest accrues on the outstanding mortgage balance. Your only monthly responsibility will be to pay property taxes, homeowners insurance, and HOA/condo dues if applicable. The reverse mortgage Is repaid when you move out of the property, sell the property, or when the last borrower passes away.*

We also offer Reverse Mortgages, which are proprietary jumbo products available to those 55 and older with loan amounts up to $4 million.**

Get your free reverse mortgage analysis

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What you can do with a HECM:

  • Eliminate your current mortgage
  • Pay day-to-day expenses
  • Right-size with a HECM for Purchase
  • Meet long-term care expenses
  • Make home modifications
  • Defer Social Security
  • Build an emergency fund
  • And so much more!

Reverse Mortgage myths and facts

Don’t listen to rumors. Review these Reverse Mortgage myths and facts to help you understand the program.


  • Stay in your home
  • Eliminate your monthly mortgage payment (must pay property taxes, homeowners’ insurance, homeowners association/condo dues [if applicable], and home maintenance)
  • Turn the home equity you’ve built into proceeds you can use in retirement
  • Finally make that equity work for you after years of paying your mortgage


  • The youngest borrower must be 62 years or older (HECM)
  • Primary residence only
  • Attend Housing and Urban Development Department (HUD)-approved counseling
  • Meet credit and income guidelines
  • Home must meet FHA property standards

Your Reverse Mortgage Home Loan Experts

Dan Rivisto

Branch Manager NMLS # 283462


1190 Winterson Road Suite 300 Linthicum, MD 21090


801-613-5000 drivisto@nfmlending.com

HECMs and Reverse Mortgages are my special focus.

With over 32 years of experience in the real estate and mortgage industries, my emphasis has always been on building successful relationships. I love working with people, finding creative solutions, and creating strong referral partnerships.

I look forward listening to your goals and priorities so I can offer only what’s right for you. You will know what’s happening with your loan application as it progresses through the process and I will be available to answer your questions. I’ll be with you every step of the way, from application to closing and beyond.

Jim Eyre

Mortgage Loan Originator NMLS # 442452


1190 Winterson Road Suite 300 Linthicum, MD 21090


425-210-2963 jeyre@nfmlending.com

While many loan originators forget that this is a “people business”, I’ve spent more than 40 years in my industry making sure my clients receive straight talk without any sales talk.

I’ve enjoyed helping hundreds of clients finance their dream homes. So once you’ve considered your options and made a decision, I’ll do my best to make your wish a reality.

Whether you’re buying, refinancing, or renovating, I am ready to give you the outstanding home loan experience you deserve. Let’s talk! Remember – it’s not about me, it’s all about you!

Contact us today for a free consultation

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