Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.
Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.
What are reverse mortgages?
Reverse loans, also known as reverse mortgages, are a financial product that allows homeowners aged 62 or older to access the equity they have built up in their homes. Unlike traditional mortgages, with a reverse loan, the borrower receives payments from the lender instead of making payments to the lender. This type of loan can provide several benefits, such as supplementing retirement income, paying off existing debts, and covering unexpected expenses. Reverse loans can be an ideal option for seniors who want to remain in their homes and have significant home equity but limited income. In this way, reverse loans can help seniors achieve financial stability and independence in their golden years.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
Reverse Mortgages at a glance.
- We offer various loan options, such as fixed-rate or adjustable-rate loans, to cater to your specific needs.
- Our clients have the flexibility to choose a loan that suits their financial situation.
- By using a reverse loan to supplement your income, you may be able to delay claiming Social Security benefits until you're eligible for the maximum amount. This can result in a higher monthly benefit and more income over your lifetime. This is worth considering, especially when you don’t wish to impose on your children or grandchildren as you age.
- Our Missoula branch is one of our many branches, and it serves several towns in Montana, including Clinton, Lolo, and Frenchtown.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
reverse mortgages
A reverse mortgage is typically repaid when the borrower moves out of the home, sells the home, or passes away. The loan is usually repaid with the proceeds from the sale of the home.
The three types of reverse mortgages are single-purpose reverse mortgages, proprietary reverse mortgages, and Home Equity Conversion Mortgages (HECMs).
We are always available to answer questions, provide guidance, and offer support throughout the entire mortgage process, from pre-approval to closing. We will never force any of our clients to agree to anything, and we are never pushy or salesy.
Do you want to know more about the reverse loan application process in Missoula? Reach out to us today to find out more!
Do you want to know more about the reverse loan application process in Missoula? Reach out to us today to find out more!
“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”
Michael S.
Let's get you home.
0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.
