Jon Pardi - NMLS# 198550 | Senior Mortgage Consultant with Blue Rock Mortgage

Reverse mortgage loans allow homeowners to convert their home equity into cash payments or a line of credit with no monthly mortgage payments. Any interest is simply added to the amount due and payable when the loan is paid out or the home is sold

A mortgage is a loan secured against a property. In the event of a loan default, the lender has the right to foreclose on the property and sell it to recover the loan amount,

There are 3 factors that determine how much mortgage you can afford. Your income, your current debts, and current interest rates.