Annie-Mac Home Mortgage

What Is a Reverse Mortgage Loan? The FHA insured reverse mortgage loan started around 1987, when Congress passed the FHA insurance bill called the Home Equity Conversion Mortgage (HECM) The FHA insured reverse mortgage loan is a cash out refinance for senior homeowners 62 and older that allows them to take a loan against a portion of the equity in their home. Proceeds from the FHA insured reverse mortgage loan are tax free, with absolutely no payments to be made while the home is your primary residence. If you would like to learn more about the FHA insured reverse mortgage loan, call Cornerstone Reverse Mortgage, LLC located in Linwood, NJ for a free consultation

Our network of professionals is dedicated to finding the right loans to help clients better manage their mortgage needs. NMLS ID # 75243

Meridian Bank's Northfield mortgage office gives you direct access to a team of experts with the experience and integrity to help you navigate this important financial decision. Meridian offers home mortgages, refinancing and a variety of government and state programs that can make homeownership more affordable, including FHA Loans, USDA (Rural Development) Loans, FNMA HomeReady Loans, VA Loans, Jumbo Loans, ARMs, Doctor Programs, FHA 203k Renovation Loans and Home Equity Loans.