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Universal Lending Services

Reverse Mortgages

 

                                              For Your Residential Mortgage Solutions,
                                                            Call: (337) 264-9990

    

             Hours of Operation: 8:30 a.m.–5:00 p.m.   After hour appointments available upon request.


 

                          Copyright 2010.  Universal Lending Services, Inc. All Rights Reserved.

Reverse mortgages are all about making the most of the equity acquired in a home.  This popular home loan was created specifically for senior homeowners and is supported, and encouraged by their adult children.  It allows the owner to borrow against the equity established in the home without having to repay the loan for as long as the owner lives in and maintains the home.  Instead of making monthly mortgage payments, the homeowner receives them.  This type of loan is not repaid until the owner dies, sells the house, or moves out permanently.  Reverse mortgages can potentially help homeowners stay in their home, and still meet their financial obligations.

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