Reverse Mortgage Funding Review

#10 in Reverse Mortgages

Reverse Mortgage Funding is a member of National Reverse Mortgage Lenders Association and a subsidiary of Reverse Mortgage Investment Trust Inc. The company provides Home Equity Conversion Mortgages for people 62 and older.

Services and Features

Reverse Mortgage Funding caters to Home Equity Conversion Mortgages. It includes HECM Monthly Adjustable Rate, HECM Annual Adjustable Rate, HECM Fixed Rate and HECM for purchase. The disbursement of these loans can be a line of credit, monthly instalments or lump sum.

HECM Annual Reverse Mortgage offers only one adjustment of interest rate yearly. It has a lifetime cap that will guarantee that your rate will stay on the past specific rate and never go over the initial rate.

HECM Monthly Reverse Mortgage changes on a monthly basis. It has a rate cap that guarantees your rate will never go above the initial rate subject on the loan choices you selected. Clients may choose a combination of lump sum, monthly advance or line of credit for cash up front.

HECM for Purchase is intended to offer assistance with getting the assets you have to purchase the home you need. It is underwritten by the Federal Housing Administration home financing program and planned particularly for homeowners and home buyers who are 62 years and older.  

Services and Features

Reverse Mortgage Calculator

Online Quotation

Refinancing

Financial Guide

Types of Reverse Mortgage

VA Loans

Single-Purpose Reverse Mortgage

Home Equity Conversion Mortgage

Proprietary Reverse Mortgage

Qualifications

Counseling

Home Owner

Amount of Equity

Not Stated

Age

62 and older

Accreditation

Member of US Department of Housing and Urban Development

Member of Nation Reverse Mortgage Lenders Association

Insured by FHA

Approved by Equal Housing Opportunity

Plan Details

No Pre-Payment

No Monthly Servicing

Interest Rate

Not Stated

Closing Cost and Fees

Not Stated

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at Reverse Mortgage Funding

RMF offers a wide variety of reverse mortgage features and services, which makes it ideal for mortgagor and senior citizens. Definitely one of the good choices when it comes to reverse mortgage services.   

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