Reverse Mortgage

Home equity with no monthly payments.

What is a Reverse Mortgage?

The most common type of reverse mortgage are loans insured by the Federal Housing Administration (FHA), also called Home Equity Conversion Mortgages (HECM). A HECM allows you to access your home equity and turn it into cash. Borrowers often choose a reverse mortgage because it allows them to remain in their homes provided they meet the loan terms and provides funds that can greatly supplement their retirement income.

ELIMINATE MONTHLY MORTGAGE PAYMENTS

With no monthly mortgage payment, you can free up cash to cover other important things in your life.

ACCESS TO CASH

Since the proceeds are tax-free, you are able to use your cash in various ways, for example paying health care costs or financing home renovations.

STAY HOME

A reverse mortgage loan allows you to stay in the home you love and grow in place.

What type of reverse mortgage loan is right for me?

Several types of reverse mortgage loans are available to satisfy today’s retirees’ needs. To find out which reverse mortgage product would work best for you, please contact our home equity specialist.

Lump-Sum Payment

Cash is available in one lump sum. No waiting.

• 60% of your accessible funds are allowed to be drawn in the first year
• Pay off large expenses with the accessibility to cash.

A growing line of credit

Establish a growing line of credit that you can tap into when needed.

• Use the line of credit as a standby safety net that can be used when unexpected expenses arise.
• Watch the unused principal grow over time, giving you access to more funds the longer it goes unused.

Jumbo Loan

Jumbo loan reverse mortgages, a proprietary loan that allows you to withdraw up to $4 million in equity on a higher-priced house. this loan allows you to turn more equity into cash.

• No mortgage insurance.
• Eliminate your monthly mortgage payment.

Term or Tenure

Received fixed monthly payments to supplement your income.

• With a term reverse mortgage, select the number of years you’d like to receive payments.
• With a tenure reverse mortgage, receive payments for as long as you live in the home and comply with loan terms.

Reverse for Purchase

Buy a home using a reverse for purchase.

• Downsize to a home that meets your long-term needs.
• Incur no monthly mortgage payments.

*Borrowers must continue to pay property taxes, homeowner’s insurance, and home maintenance costs.

Chat with one of our Specialists

Reverse Mortgage Form

First Name

Last Name

Phone

State

Reason for Inquiry

Age of Homeowner

Estimated Property Value

Mortgage Balance

*You cannot lose your home under normal circumstances and so long as you pay your property taxes, homeowner’s insurance, maintenance costs and otherwise comply with the loan terms.

SMS Communication Consent (optional)

I consent to receive conversational (transactional, non-promotional) SMS text messages from Atlantic Avenue Mortgage, LLC at the mobile number provided above. Messages will include: (1) mortgage loan application status updates (application received, in underwriting, conditional approval, clear to close), (2) requests for documents required to process my application (pay stubs, bank statements, identification, tax returns), (3) customer service responses and appointment confirmations, and (4) other transactional communications about my active loan file. Message frequency varies. Message and data rates may apply. Reply HELP for help or STOP to opt out. Consent is not a condition of obtaining a loan or any other service. No mobile information will be shared with third parties or affiliates for marketing or promotional purposes. I have read and agree to the Privacy Policy and Terms & Conditions.

If you are human, leave this field blank.

What our customers are saying

    
 
 
       Posted on Google  
   
   Debbie Guenther 
 
 
 
 Trustindex verifies that the original source of the review is Google. 
  
 
      Posted on Google  
   
   Rise Stevens 
 
 
 
 Trustindex verifies that the original source of the review is Google. Good Morning! I'm late with this review, however, I would like to THANK Chris O'Malley for his wonderful professional expertise in the Reverse Mortgage process.  Chris is very patient and had a calming way of reassuring me along the process.  This is a first time loan procedure for me and I would express to Chris that it was overwhelming he would keep me encouraged.  Chris also has a great professional crew that covered all the different parts of this loan to make it happen.  We need more Chris O'Malley's in the customer service field.
Thank you much!!!!!!
R. Stevens
  
 
      Posted on Google  
   
   William toms 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a very good experience with Atlantic Avenue Mortgage 🙂
  
 
      Posted on Google  
   
   Jana Scuderi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent. 5 stars.  Joe Stanton is dedicated, experienced and highly knowledgeable about this process.  My questions were answered quickly and completely. I interviewed others and know I made the right choice going with Joe and Atlantic Ave.
  
 
      Posted on Google  
   
   adam peak 
 
 
 
 Trustindex verifies that the original source of the review is Google. brookes knight was the best agent i ever had i couldn't be happier. didnt give him much to work with but he did what he could for me.thank you Brookes. your the best.  Linda Peak.
  
 
      Posted on Google  
   
   Maria Garcia 
 
 
 
 Trustindex verifies that the original source of the review is Google. What a pleasure working with Gabriel Brizuela in my home refinance, highly knowledgeable and very patient listening to me and explaining all my questions.
  
 
      Posted on Google  
   
   Kimberly Teti 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ted Preister and his co-workers treated me with above and beyond professionalism. When I called with questions, they were very patient with me at all times while explaining the answers to my questions. It was a very long process from the start to finish of my reverse mortgage. I would work with Ted again and refer him to my family and friends.
  
 
      Posted on Google  
   
   nathen banne 
 
 
 
 Trustindex verifies that the original source of the review is Google. Very efficient and pleasant to work with.  Responsive.
  
 
      Posted on Google  
   
   Carmela 
 
 
 
 Trustindex verifies that the original source of the review is Google. I am very grateful to Griffin Bell for helping me throughout the reverse mortgage. He is very professional and willing to assist especially an elderly person like me. Thank you. Cf
  
 
      Posted on Google  
   
   FRANK GLASER 
 
 
 
 Trustindex verifies that the original source of the review is Google. I used Christian Trowel For my Reverse Mortgage, he’s an absolute professional there with you all the way from beginning to end which only took 3 1/2 weeks. It was easily done. If you have any questions you will give you his personal phone and answer any of your questions. It was really an easy process with him. He makes you feel human, not like a number which counts big for me.

8 South J Street,
Lake Worth Beach, FL 33460

Phone: (877) 806-4028
[email protected]