Advantages of the Hawaii Jumbo Reverse Mortgage over the Home Equity Conversion Mortgage (HECM):
Loan amounts up to $4 million—significantly more than a HECM allows
No mortgage insurance premium
No initial disbursement limitation—you can take the full amount at closing
Condominiums appraised at $500,000 or more do not require FHA approval
Use a Jumbo Reverse Mortgage to eliminate mortgage debt
and free up funds to pay for virtually anything!
You can use your proceeds as you choose and to fund a more comfortable and secure retirement. For example:
Pay off existing mortgage debt to eliminate monthly mortgage payments and improve cash flow
Buy a house or condo in an upscale area
Pay for home improvements
Cover medical or in-home care expenses
Refinance an existing reverse mortgage to access a larger pool of funds
Contact us for a consultation and have all of your Hawaii reverse mortgage questions answered today!
You’ll find out:
Do I qualify for a reverse mortgage?
How much money can I get?
Is a reverse mortgage right for me?
How does a reverse mortgage work?
What kind of reverse mortgage products are available to me?
No Application Fee!