Reverse Mortgage FAQ

What is a Reverse Mortgage?
A unique FHA loan called H.E.C.M. (Home Equity Conversion Mortgage) that enables age qualifying homeowners to convert a portion of their home’s equity into cash without ever having to make a monthly mortgage payment.

How do I know if I qualify for a Reverse Mortgage
If you are 62 years of age or better, and your home is your primary residence, you may qualify for a Reverse Mortgage.

What's the key to finding the right mortgage?
Working with a company that understands your needs and can find the program that fits you best. Old Virginia Mortgage, Inc. has the experience and the knowledge to make sure that your needs are met.

It is true that a Reverse Mortgage allows me to access the equity in my home?
You can take a substantial portion of the equity from your home, spend it however you want, continue to live in your home as long as you want, and never make a payment as long as you live there. It's absolutely true. The vehicle that makes this possible is called the Reverse Mortgage.


Click to contact one of our Reverse Mortgage professionals near you.