Reverse Mortgage Services
Benefits of a reverse mortgage.
Unlike a conventional mortgage where the homeowner pays the lender, in a reverse mortgage the homeowner make no mortgage payments and instead opts to be paid by their lender against the value of their home. Available only to seniors, a reverse mortgage is most commonly used to release your home’s equity as a large one-time payment, or in the form of multiple payments over a period of time.
The unique regulatory nature and constantly changing guidelines within the mortgage industry have made reverse mortgage origination particularly difficult to navigate. The Royal Suffolk Group’s in-depth product guideline and regulatory expertise ensures that our clients always receive quick resolution and closure of their reverse mortgage transactions.