Nice colonial style home
Nice colonial style home

Reverse Mortgages

“I am over 62 years old and have equity in my home.”

  • For borrowers ages 62 or older
  • Enrich the quality of your life with the extra money to supplement your retirement
  • For primary home refinances
  • Borrowers can receive income for life

A Reverse Mortgage is a popular home loan that was created specifically for senior homeowners, age 62 years and older, who want to convert part of their home’s equity into income.

There are no limitations on how you use the money, so you can cover medical expenses, fund education for your grandchildren, etc.

With a reverse mortgage, you can access the equity in your home without having to make monthly mortgage payments. The loan would come due when you sell the home, move out permanently, or pass away.

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Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, DC, FL, GA (License #42101), KY, MD, NC, PA, SC, TN, VA, WV
308 Market St SE, Roanoke, VA 24011