Allentown Mortgage Corporation

Home mortgage lenders & realtors in Pennsylvania specialize in Allentown mortgages, refinancing & in finding Allentown homes for sale.

Allentown Mortgage Corp
High quality mortgage and tailored real estate programs

610-434-5222

2067 Walbert Ave
Allentown, PA 18104
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Reverse Mortgages

February 19, 2015 By admin

Allentown Mortgage Corp offers reverse mortgage programs tailored to fit your current financial needs.

A reverse mortgage is a unique type of loan used by senior citizens to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with the financial security they need to fully enjoy their retirement years. The reverse mortgage has earned its name because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular first mortgage or home equity loan, a lender makes payments to you. The money from a reverse mortgage can be used for anything from daily living expenses, to home repairs and home modifications.

Though there are no income or medical requirements to qualify, borrowers must be at least 62 years old and own their own home. You may be eligible for a reverse mortgage even if you still owe money on a first or second mortgage; in fact, many seniors get a reverse mortgage to pay off a first mortgage.

Contact Allentown Mortgage Corp to discuss your best reverse loan options by calling .

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2067 Walbert Ave, Allentown, PA 18104   |   Phone: 610-434-5222   |   Fax: 610-434-1530   |   Email: kevin@allentownmortgage.com

Company NMLS # 103917   |   Loan Officers: Kevin McElwain NMLS # 134388   &   Dirk Postupack NMLS # 144642

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