Reverse Mortgage
Reverse Mortgages for Homeowners 62 and Older
Learn how a Home Equity Conversion Mortgage (HECM) can turn home equity into usable funds.
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Basic Requirements
Do You Qualify?
Age 62 or older
At least one borrower must be 62 or older.
Your primary residence
You own the home and live in it as your primary residence.
Meets FHA standards
The home must meet existing FHA standards.
How Repayment Works
When the home is sold or is no longer your primary residence, the loan balance, interest and other finance charges are repaid. Proceeds beyond the amount owed belong to you, your spouse or your estate. Reverse mortgages are non-recourse, so you or your heirs never owe more than the loan amount or the home value, whichever is less.
Programs, rates, terms and eligibility vary and are subject to credit approval and underwriting. Not all applicants will qualify. This is not a commitment to lend.
Get in Touch
Let's Talk About Your Loan
Tell us a little about what you are looking for and William’s team will be in touch.
- ✓ Plain-language guidance from a licensed mortgage broker
- ✓ More than 30 years in Arizona home lending
- ✓ Updates along the way, by call or text
Call 480-994-5626
Text 602-688-2938
3500 N. Hayden Rd. #1302, Scottsdale, AZ 85251
NMLS #166778 · MB0905740
Text 602-688-2938
3500 N. Hayden Rd. #1302, Scottsdale, AZ 85251
NMLS #166778 · MB0905740
Contact
William S. Forsythe III
Owner, Achievers Mortgage, LLC
General Mortgage Disclaimer: Achievers Mortgage, LLC is a licensed mortgage broker (NMLS #166778, MB0905740). All loan approvals, interest rates, and terms are subject to applicant's creditworthiness, income verification, property appraisal, and other underwriting guidelines. Not all applicants will qualify. The information provided on this website is for informational purposes only and does not constitute a commitment to lend or an offer to extend credit. Interest rates and loan programs are subject to change without notice. Achievers Mortgage, LLC is an Equal Housing Opportunity provider.
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