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Loan products to enhance
your borrower's retirement
A partnership with Smartfi Home Loans provides you with access to our entire suite of reverse mortgage
solutions. Whether your borrowers are looking to refinance their current residence or purchase their next
home, each of our products provide a unique opportunity to help accomplish their goals.
The Home Equity Conversion Mortgage (HECM) is a safe and secure reverse mortgage program that is insured by the Federal Housing Administration's (FHA). It allows those 62 and older** to access the equity in their home through fixed monthly payments, a line of credit, lump sum, or a combination.
The Smartfi Choice is our proprietary reverse mortgage. Choice offers higher lending limits, younger qualifying ages and very clear, logical underwriting guidelines. In addition, there are minimum solar restrictions, limited condo review, and multiple rate options to maximize the loan benefit to the borrower.
Reverse for Purchase
Using a reverse mortgage to purchase a home is a valuable and smart option for retirees. Instead of using a traditional mortgage, retired borrowers can use the sale of a previously owned home — or other savings and assets — as a down payment. The reverse will allow your clients to use the equity created to make up the difference between the down payment and the purchase price, enabling them to move into their new home with no required monthly mortgage payment.*
CALCULATE A REVERSE MORTGAGE SOLUTION
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Common questions about reverse mortgage solutions
How does a reverse mortgage work?
With a reverse mortgage, a borrower receives loan proceeds in the form of a lump sum, monthly payments, a line of credit, or a combination of any of these. As with any other loan, terms and payouts are determined by the product, fees and interest rate.