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Mailing Address:  Reverse My Mortgage: 846 South Main Street, Bountiful, UT 84010

You may improve your retirement with a Reverse Mortgage Loan. We offer competitively priced rates for Reverse Mortgage Loans in Utah and Arizona.

Reverse Mortgage Loan Laws in Utah and Arizona:

Reverse Mortgage Loans represented by our select group of reverse mortgage lenders are government backed programs to help senior homeowners. Laws in individual states varies, as a result Our Reverse Mortgage Calculator helps you to quickly determine preliminary eligibility for a HECM loan in Utah or Arizona. While we do our best to give the most accurate calculations, the actual loan you qualify for may be different from the calculations shown here.

General reverse mortgage loan qualification requirements

Reverse Mortgage Loan Amount Based On changed to Reverse Mortgage loan amount calculations are based on:

Under requirements change:
Limited income or qualifications may be required of the borrower in accordance with HECM rules.
No repayment as long as the property is your principal residence and the obligations of the mortgage are met
Closing costs may be financed in the mortgage

You must:

Be 62 years of age or older
Own the property outright or have a small mortgage balance
Occupy the property as your principal residence
Not be delinquent on any federal debt
Participate in a consumer information session given by an approved HECM counselor

Reverse Mortgage Loan Amount Based On

Age of the youngest borrower
Current interest rate
Lesser of appraised value or the HECM mortgage limit or the sales price
Initial Mortgage Insurance Premium (MIP)--your choices are HECM Standard or HECM SAVER initial MIP

Reverse Mortgage Loan Financial Requirements

No income or employment qualifications are required of the borrower
No repayment as long as the property is your principal residence and the obligations of the mortgage are met
Closing costs may be financed in the mortgage

Reverse Mortgage Loan Property Requirements

The following eligible property types must meet all property standards and flood requirements:

Single family home or 1-4 unit home with one unit occupied by the borrower
approved condominium
Manufactured home that meets requirements

*Use our Reverse Mortgage Calculator to determine if you meet the property criteria.
Why Retirement is Better with a Reverse Mortgage Loan:

Any Reverse Mortgage Calculator will show you that the benefits of using your home equity for financial security is a great option. Many of our Utah and Arizona clients were having trouble paying bills and affording medicine, but they are happier using Reverse Mortgage funding as a supplement to their income.

How to use the Reverse Mortgage Loan Calculator:

The Reverse Mortgage Calculator is a way to determine the preliminary eligibility of your property, yourself, and financial requirements. If you are 62 years of age, and have paid off the greater portion of your mortgage, you are a great candidate for Reverse Mortgage Loan benefits. Please call our friendly Reverse Mortgage Loan advisors in Utah and Arizona today.

Reverse My Mortgage LLC works with a select group of Reverse My Mortgage, LLC approved lenders.  These lenders operate and comply with all federal and/or state laws and regulations.

Fees:  Reverse My Mortgage.

Reverse My Mortgage does not collect or charge any fees for the service provided on this site including the reverse mortgage calculator.  Reverse My Mortgage, LLC does not charge fees for any other service provided to consumers. However, Reverse My Mortgage, LLC approved lenders may have fees associated with closing a reverse mortgage.  We encourage you to review all their fees and procedures prior to closing a reverse mortgage loan.