A reverse mortgage is a loan available to homeowners over 62 years of age that enable the homeowner to
convert part of the equity in their home to cash.
The loan is called a reverse mortgage because the traditional mortgage payback model is reversed.
Instead of the homeowner making monthly payments to a lender, the lender makes either a lump sum payment, or
a stream of payments to the homeowner.
The homeowner is not required to repay the loan and is entitled to live in the home for the reminder of their life, and
the life of their spouse if applicable, without any repayment. The loan needs to be repaid only upon the sale of the property, or
the passing of the homeowners. Upon the sale of the home, any remaining equity is paid to the homeowners, or their estate.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 281371
www.nmlsconsumeraccess.org
8915 S Pecos Rd. Ste 17B
HENDERSON, NV 89074
Phone: (702) 794-4300
Toll Free: 1877-7GO-AAHM
executiveoffices@aahomemortgage.com
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