Reverse Mortgages


As your finanical needs change and grow in later years, the typical sources of retirement income – savings, pensions, 401K’s, Social Security etc. – may no longer be enough to maintain your lifestyle.  That’s why more older Americans (62 years and above) are adding a valuable financial solution to their retirement portfolio called a “Reverse Mortgage” or Home Equity Conversion Morgate (HECM).  It enables them to supplement their income while they continue to live at their current address.  A HECM may be a perfect option for you.

A Reverse Mortgage enables you to tap the equity in your home and supplement your income while you continue to live at your current address. A HECM may be a perfect option for you.

You shouldn’t commit to any loan until you consider all your options and fully understand how it works.  That is where Pennsylvania Home Lending Collaborative, Inc. comes in.  We’re not only educators but also licensed mortgage bankers.  We’ll provide you with the necessary resources to make an informed decision on whether a HECM is the right financial product for you.  We’ll highlight the positives as well as any potential negative aspects of the reverse mortgage product and provide you with answers to our most frequently asked questions.

Over the years, you’ve paid down your mortgage and built up equity (the amount your property is worth minus what you still owe plus any other loans you may have taken against your home).  A reverse mortgage (HECM) allows you to borrow against your equity and increase cash on hand immediately.  You can take payments in a variety of ways, use the money for whatever you choose and it’s always tax-free.  The loan balance grows over time, but you don’t have to pay it back while you or an eligible spouse live in your home.

Click Below To Learn More!

Call Today: 610-372-8433

Pennsylvania Home Lending Collaborative, Inc. NMLS #1668524
213 N 5th Street, Suite 1030
Reading, PA 19601