Proprietary Reverse Mortgages
with Opulence Home Equity

Unlocking the potential of your home equity can be a game-changer for homeowners, providing flexible financial solutions tailored to meet diverse needs. At Opulence Home Equity, we offer proprietary reverse mortgages, a unique loan option that caters to both high-value and now increasingly, lower-value properties. Let's explore how a proprietary reverse mortgage can enhance your financial freedom and why Opulence Home Equity is the right partner for your journey.

What is a Proprietary Reverse Mortgage?

Proprietary reverse mortgages are private loans not insured by the Federal Housing Administration (FHA). Unlike the traditional Home Equity Conversion Mortgages (HECM), these loans are provided directly by lenders and often come with greater flexibility. Historically favored for high-value properties exceeding FHA's loan limits, proprietary reverse mortgages are now also accommodating lower-value homes, broadening their appeal and accessibility.

Key Benefits of Proprietary Reverse Mortgages:

  • Higher Loan Amounts for High-Value Properties: For homeowners with properties that exceed the FHA loan limits, proprietary reverse mortgages allow access to significantly more equity.
  • Flexibility for Lower-Value Properties: Today, even homeowners with lower-value properties can benefit from the flexible terms and options of proprietary reverse mortgages.
  • Flexible Payout Options: Choose from various disbursement methods including lump sum payments, monthly payouts, or a line of credit, all tailored to suit your financial needs and goals. However, please note that some disbursement options may not be available in certain states due to regulatory differences.
  • Lower Age Requirements: Available to homeowners starting at age 60, unlike HECM loans which require borrowers to be 62 or older.
  • Potential for Lower Costs: Depending on your situation, proprietary reverse mortgages can have lower closing costs and fees compared to HECM loans.
Our Reverse Mortgage Rates are Low & Our Process is Quick & Painless
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Who is Eligible for a Proprietary Reverse Mortgage?

To qualify for a proprietary reverse mortgage, you need to meet the following general criteria:

  • Age: Homeowners aged 60 and above.
  • Home Value: While traditionally catering to high-value properties, proprietary reverse mortgages are now accessible to a wider range of home values.
  • Equity: You must have significant equity in your home, which will determine the loan amount.
  • Residency: The property must be your primary residence.

How Does a Proprietary Reverse Mortgage Work?

Understanding the process of obtaining a proprietary reverse mortgage can help you make informed decisions. Here's a simplified overview of the steps involved:

  • Initial Consultation: Schedule a consultation with one of our knowledgeable professionals. We'll discuss your financial goals and assess your eligibility.
  • Home Appraisal: An independent appraisal of your home will determine its current market value.
  • Loan Structuring: Based on the appraisal and your preferences, we'll help you choose the best loan structure, whether it’s a lump sum, monthly payouts, or a line of credit. Please note that availability of certain disbursement options may vary by state.
  • Closing: Once everything is agreed upon, we'll finalize the paperwork and proceed to closing. After closing, you'll receive your funds as per the agreed terms.
  • Ongoing Support: Our commitment doesn't end at closing. We provide continuous support to ensure you fully understand and manage your reverse mortgage.
Opulence Home Equity

Why Choose Opulence Home Equity?

At Opulence Home Equity, we pride ourselves on being one of the best proprietary reverse mortgage providers. Here's why:

  • Expert Guidance: Our team of professionals is dedicated to helping you navigate the complexities of reverse mortgages with personalized, one-on-one service.
  • Tailored Solutions: We understand that every homeowner's situation is unique. We offer customized solutions that align with your financial goals and needs.
  • Integrity and Transparency: We believe in providing clear and honest information so you can make the best decision for your future.

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