Financing Your Retirement May Be
Right Under Your Roof

You Hold The Key!

Are you looking for Security, Independence, Dignity and Control in your retirement? You can supplement your retirement income with the equity from your home and have  Security, Independence, Dignity, and Control.

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Homeowners 62 and older can use the equity in their home NOW with a reverse mortgage. A reverse mortgage loan is a specifically designed home equity loan for seniors with no income or credit requirements. This is a mortgage in reverse where the borrower receives payments instead of making monthly payments and the loan is paid off when the home is no longer the primary residence of the borrower.    Being seniors are on a fixed income they generally don’t qualify for a conventional home equity loan. The reverse mortgage, a special home loan for seniors on a fixed income, has one low interest rate for all borrowers regardless of income or credit.    There are no limitations on how the reverse mortgage proceeds are used and reverse mortgage borrowers have security, independence, dignity, and control during their retirement years.  Click here to learn how others have used their reverse mortgage proceeds.    Reverse Mortgages SIDAC, serving all of Minnesota, is the Minnesota reverse mortgage lender of choice providing financing for seniors by specializing only in reverse mortgages and offering ALL reverse mortgage home loan programs available in Minnesota: the FHA government insured HUD HECM (Home Equity Conversion Mortgage); the Fannie Mae Home Keeper; and the reverse mortgage jumbo loans: the Cash Account™, Generation Plus™, and Simple Equity™. Click here to learn what others have said.    The HUD reverse mortgage program, HECM, is the most common of reverse equity mortgage programs offering the lowest interest rate and the most flexibility. The other reverse mortgage programs are similar with no income or credit requirements and repayment of the loan due when the home is no longer the primary residence of the borrower(s). Click here to learn about the reverse mortgage programs.    Do you want to have security, independence, dignity, and control?  Reverse Mortgages SIDAC can help.  If you are considering reverse mortgages in Minnesota contact us for a no obligaiton, free quote - we'll even meet with you in the privacy of your home to educate you on reverse mortgages. -------------------- Nancy had accrued some debt including some credit cards and borrowing from her children. She did a Reverse Mortgage to pay off those debts and to have a line of credit available for future needs. She also enjoyed having some extra cash to purchase some things to fix up her home and to go to lunch with friends on occasion. Because her children had their own expenses and needs, they were relieved that their mother had done the Reverse Mortgage and could live more comfortably without relying on them. For the definition of reverse mortgage and terms commonly referenced during a reverse mortgage transaction visit our Reverse Mortgage Dictionary.

Most other lenders offer Reverse Mortgages as an addition to their conventional mortgages or other financial services, whereas we devote all our attention to Reverse Mortgages. Executive Vice President, Beth Paterson, has been in the Reverse Mortgage business since 1999. Her leadership gives Reverse Mortgages SIDAC the experience and knowledge needed to counsel our clients and resolve more issues or concerns that other lenders are not able to offer. Beth Paterson has authored books about Reverse Mortgages including Understanding Reverse Mortgages which answers many questions about Reverse Mortgages dispelling the myths and providing the facts, along with the positives and negatives of Reverse Mortgages.  Written in a simple format, Understanding Reverse Mortgages provides the necessary information and knowledge for readers to comprehend the basics of Reverse Mortgages.  Our Reverse Mortgage Advisors and entire staff are highly trained with an intensive initial program and on-going education to provide our clients, their friends, family members, caregivers, and advisors with exceptional service and commitment. Priding ourselves on customer service, our commitment to you, our clients, and our level of customer service is heightened with our familiarity with other resources to assist you, our client, beyond the Reverse Mortgage. Minnesota Residents Call Us to learn how to receive a FREE copy of the reverse mortgage guide,  Understanding Reverse Mortgages, a book written in a simple format, providing the necessary information and knowledge to comprehend the basics of Reverse Mortgages. Back to Top "Home is where the heart is." Pliney