Welcome to Trinity Reverse Mortgage! We are a California Reverse Mortgage Lender, licensed in Alabama, Arkansas, California, Florida, Georgia, Mississippi, Oklahoma, Oregon, Tennessee, Texas and Washington, that specializes in helping to empower and enrich Seniors. Reverse mortgages have grown in popularity over the duration of the last decade among homeowners age 62 and over, and with good reason; a Senior Reverse Mortgage or Senior Equity Mortgage can help homeowners to tap into the equity that they have accumulated in their home and utilize these funds as they see fit. Reverse mortgages do not require a monthly payment to be made from the borrower to the lender, and can provide the homeowner with needed cash to do with as they see fit.
A Reverse Mortgage essentially functions exactly opposite of a conventional mortgage; instead of making a payment each month, the homeowner can elect to recieve a monthly disbursement into their bank account from their lender for as long as they stay in the home! Trinity Mutual is a FHA Reverse Mortgage Lender, and we specialize in Government Insured loans.
Qualification for a Reverse Mortgage is quite simple; since the homeowner is the one receiving the monthly payment, there are no credit checks, income requirements, or medical evaluations. Simply the homeowner must be age 62 or older and have equity in the home.
Proceeds from a Reverse Mortgage can be used for any purpose, and are available in a variety of payment methods - upfront cash, a monthly payment, or an Equity Line (HELOC) for tax free funds as the need arises.
For the entire time that you live in the home you will not have to repay the loan, meaning that you will also not have to make a mortgage payment. You retain ownership of the property, and once you pass away your heirs can opt to refinance the loan into a traditional mortgage, sell the home and pocket the proceeds, or even simply walk away and allow the Reverse Mortgage Lender to settle the payoff.
Reverse mortgages are non-recourse loans, meaning that you will never owe more than the house is worth - in fact, the only factors that determine your maximum borrowing amount are age, home value, and loan amount. To determine how much money you can receive, call the friendly folks here at Trinity Reverse Mortgage at 1-866-707-4664 for a Free, No Obligation Quote & Reverse Mortgage Calculation!