Washington Trust Mortgage Company

Not sure if a reverse mortgage is right for you?

Our experts can help.

Couple meeting with advisorIf you're a homeowner age 62 or older, a reverse mortgage allows you to access the equity in your home to supplement your retirement income, finance home renovations, or pay for long-term health care coverage.

  • A reverse mortgage is a loan that allows senior homeowners to convert home equity into cash while living at home for as long as they want to.
  • You can receive payments as a lump sum, line of credit, or monthly payment for a specific term or for life.
  • Funds are tax-free monthly payment for a specific term or for life and can be used for any purpose. Borrowers continue to own their own home.
  • There is no monthly mortgage payment, income or credit qualifications, and the loan does not becomes due until the (last) borrower moves out, passes away or sells the home.

Common misconceptions about Reverse Mortgages

Reverse Mortgage Overview

 

 

Brian Mahone

Brian Mahone

Vice President, Regional Manager

NMLS #8982

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Contact: Brian

Sharon, MA Office

Phone: (774) 218-0582

For Reverse Mortgage:
We arrange but do not make loans.
MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR CORRESPONDENT LENDER.

This material is not provided by, nor is it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). You should consult your benefits specialist, or financial advisor as Reverse Mortgage payments may have an effect on your particular situation. Consult your tax advisor

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