Shenandoah Valley Free Classifieds


Topic: Reverse Mortages in Virginia

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Mike Seal

Reverse Mortages in Virginia



Reverse Mortgage Specific Disclosure: The loan is repaid when the last borrower leaves the home or refinances the home or passes away. When the home is sold or refinanced the proceeds pay back the loan, accrued interest and mortgage insurance All of the remaining equity goes to the borrower or their heirs. As with any home-secured debt, the homeowner remains responsible for property taxes, homeowners insurance, HOA dues and property maintenance.

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Success Mortgage, LLC 27 West Jubal Early Dr., Winchester, VA 22601  

Consultant NMLS #838038 Company NMLS #225561

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