Reverse Mortgages! Click Here to Apply Online
Ancient City Mortgage constantly looks for better ways to serve our community and clients.

We are proud to specialize in offering the reverse mortgage, an exciting loan for seniors that has no monthly payment. This is a government-sponsored loan designed to provide additional income or cash while reducing the monthly expense of home ownership. It does not require good credit or income to qualify, and best of all, it does not impact Social Security or Medicare benefits.

Reverse Mortgages help seniors:

	Pay off existing mortgages
	Pay off any other debt, including medical expenses, credit cards, home repairs, more
	Provide additional monthly income
	Provide money for travel or long-term care insurance

Qualification is simple, since there are no income or credit qualifications. Borrowers must:

	Be at least 62 years of age
	Own their own homes
	Have no existing mortgage or only a minimal one
	Live in the home as a primary residence

You can access the funds, or proceeds, from your reverse mortgage in any combination of the following ways:

	Lump sum amount at closing
	Monthly "tenure" payments for the life of the loan
	Monthly "term" payments set for a specific time period
	Line of credit with growth of credit over time
	Modified tenure - a combination of a monthly payment and line of credit
	There are no limitations on how the money may be used

The amount you can expect to receive is based on:

	The borrower's age
	The value of the home
	The older the borrower and the higher the home's value, the more money a borrower is eligible to receive

Why you should consider a reverse mortgage:

	Provides access to the equity locked away in your home
	No income or credit qualifications
	Proceeds are received as tax-free income
	Flexible payment options
	Growth on credit line option
	No debt passes to heirs
	Does not affect Social Security or Medicare benefits
	FHA-insured or Fannie Mae guaranteed

Ancient City Mortgage offers free, no-obligation reverse mortgage illustrations, available anytime. We can help provide the facts you need to make a sound decision about the reverse mortgage option. Call us for complete information.
Click Here to Apply Online