Introduction to Reverse Mortgages
Welcome to Senior Management Group, Inc

Many homeowners have found that a reverse mortgage is a great way for them to take advantage of the equity they have built up in their homes.

A reverse mortgage is different from a traditional mortgage. With a traditional mortgage, borrowers make monthly mortgage payments, but with a reverse mortgage, the lender pays borrowers money through monthly installments, a one-time lump sum payment, a line of credit, or a combination of a line of credit and monthly installments. The money received is dependent on the borrowers' age, the value of the home, and any outstanding liens on the property.

One of the great advantages of a reverse mortgage is that borrowers are not required to pay the loan back until the home is no longer the borrowers' primary residence. Another great feature of a reverse mortgage is that a borrower can never owe more than the value of their home—no matter what.

Senior Management Group specializes in helping seniors obtain reverse mortgages.

Unlike other mortgage companies, Senior Management Group offers a free, in-home consultation with borrowers and their family members. The company always protects borrowers' personal information and ensures that they fully understand the process, so they can make the right decision for themselves and their families.

Contact Senior Management Group to find out more about reverse mortgages and ways to make it work for you or someone you know. The company makes it easy to apply online and start the process of obtaining a reverse mortgage. Senior Management Group offers a stress-free, comfortable solution to becoming debt-free while supplementing retirement income.

Check out these pages for more information about reverse mortgages.