Why Choose a Michigan Reverse Mortgage?

Tap into the equity that has built up in your home with a reverse mortgage solution, and enjoy retirement without financial stress. Since 2005, our team has been helping seniors just like you make their home’s equity pay them back – allowing them to enjoy a host of benefits.

At Trinity Reverse Mortgage, we can help you find an ideal financial solution for your needs, and we have a number of options to get you the income you deserve. Your home is a savings account, and you’ve been making payments for years. It’s time for your home to start paying you! You can use the money for anything you want, whether you want to go on a vacation, pay off bills, or even move closer to your family. Some benefits of working with us for a reverse mortgage are that:

A HECM for Purchase makes it a one-step process to buy a house and get a reverse mortgage at the same time.

You can keep your home for the rest of your life. When the time comes, the house will pass to your heirs.

You can receive money quickly with few conditions, usually within 4-5 days after close of escrow.

Your home can be turned into a home pension!

Best of all, you can eliminate your mortgage payment!

Why Choose a Reverse Mortgage?

At Trinity, our goal is to help our clients enjoy their retirement – just as they deserve to. A reverse mortgage is a popular tool that can be used to supplement retirement income; some financial consultants also recommend using it to postpone Social Security payments for clients so that they receive higher benefits.

Available options vary on a client-by-client basis. If a reverse mortgage doesn’t match your needs, we will recommend a traditional mortgage refinance, a consultation with a financial consultant, or trade properties and then do a reverse mortgage. We may also recommend that no changes be made to your current loan. Our team is 100% committed to taking care of our clients with solutions that always have their best interests at heart.

Our owner and founder, Michael Fullam, opened Trinity with the intention of educating and helping seniors with options for their retirement income. He became a Certified Senior Advisor (CSA) to ensure that each and every client receives the service they deserve and need when they come to Trinity. Our entire staff operates under the very guidelines and ethics that CSAs in good standing follow. Our care and respect for our clients is what makes us unique amongst lenders in Michigan.

Do You Qualify for a Reverse Mortgage in Michigan?

Most people who contact us qualify for these solutions! If you are a homeowner who is age 62 or older with at least fair credit, you own a home as your main residence, and you have built-up equity in it, we may have the solution that suits you. Ask us about a home equity line of credit and a proprietary loan option, too!

Do You Qualify for a Reverse Mortgage in Michigan?

Trinity can help you choose the payment options that best suit your needs and preferences. Choose from:

• Equity Line, or Credit Line: Interest can accrue on the funds, which can add up to be substantial. To illustrate, a product with a 3.625% margin interest rate could grow at 6.35% per month, compounded monthly. If you have a $100,000 credit line with 6.35% growth, that would be $6,350 in interest income if the proceeds remain in the equity line during that year!
• A lump sum payment at the time of close, or at any other time you would like to receive it.
• Term payments made over a period of time, whether it be months or years. For example, if there is $12,000 of funds available to a client who is ill with a life expectancy of 12 months, he or she may want to have $1,000 deposited into a bank account each month.
• Tenure payments are those that are made for as long as the youngest borrower lives, and is an available option for disbursement payments. If the youngest borrower lives beyond what was originally expected, the payments would still continue to him or her!
• Mix and Match any combination of the disbursement options. You may wish to take any combination of the equity line, tenure payments, a lump sum payment, and term payments.

Contact us at Trinity today, and see how easy it can be to turn your equity into extra income for your retirement. We look forward to helping you!

*Trinity Mutual is not a lender, but a mortgage broker who looks for the best lender for your loan.