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Get to know the options for your reverse mortgage.

When it comes to deciding on a reverse mortgage, it’s important to understand the products available on the market – and how these products might serve your individual needs.

At Smartfi Home Loans, LLC, we offer both the FHA-backed Home Equity Conversion Mortgage (HECM), as well as our own proprietary product, Smartfi Choice. And there are some key differences between them that you should know.

Because a HECM is secured by the Federal Housing Administration, the loan is subject to certain limits, such as how much can be borrowed, minimum age and other qualifying requirements.

But with proprietary mortgages like Smartfi Choice, the lender decides the terms of the loan – meaning added possibilities in tailoring the best fit for you and your loved ones.

Here are a few reasons why an increasing number of homeowners are considering Smartfi Choice for their reverse mortgage:

  • Lower minimum age requirement (60 vs. 62)
  • Increased loan limits for higher-value homes
  • Fewer borrower assessment and underwriting requirements
  • Flexible terms to meet your situation
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