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Your Home Is Valuable
Let your home provide you the income you need for your retirement in Maine. We are here to help you with your future.
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About Reverse Mortgages
Tax-free income is available to seniors who purchase a reverse mortgage loan product. The Maine homeowner never gives up the title of the home and is never forced to sell the home under any circumstance. The loan product reverses the direction of payments where the lender is paying the homeowner. The homeowner is never at risk from housing market conditions.
Consumer Safeguards
The state of Maine and the federal government have mandated laws to protect their senior citizens with their most valued asset, their home. The protections are in place to make sure the no senior who has a reverse mortgage in Maine will ever lose rights to their home. Loan products like the FHA HECM are safeguarded by the government. For other types of proprietary reverse mortgage loan products a set of best practices have been put in place.
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Current Mortgage Rates
Loan TypeRate+/-Last
30 yr fixed5.82%5.77%
15 yr fixed5.42%5.36%
5 / 1 ARM5.21%5.24%
30 yr fixed jumbo7.05%7.09%
5 / 1 jumbo ARM6.11%6.19%
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Fri, 09 May 2008

Title:
Understanding Reverse Mortgage Loan Fees
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