Colonial National Mortgage - Reverse Mortgage Options

Reverse Mortgage

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Reverse Mortgage Home

Reverse Mortgage Options

HUD/FHA - The Home Equity Conversion Mortgage (HECM) is a government insured program. The loan amount is based on the FHA lending limits, which are a minimum of $160,176 and a maximum of $290,319.

HECM monthly adjustable - the interest rate can adjust monthly.
HECM annual adjustable - the interest rate can adjust yearly.

The Fannie Mae - Home Keeper^TM is a reverse mortgage sponsored by Fannie Mae. The loan amount is based on maximum lending limit of $333,700.

The Financial Freedom Cash Account^TM is a reverse mortgage sponsored by Financial Freedom Senior Funding Corp. This product has no loan limits and it typically the choice by people with higher valued homes. The three options under Cash Account a are:

The Standard Cash Account^TM - Higher Fees and fewer restrictions.
The Zero Point Cash Account^TM - Lower Fees and more restrictions.
The Simple Zero Cash Account^TM - No fees and the most restrictions.

Information provided is subject to change without notice. Colonial National Mortgage shall not be responsible for any loss or damages from the information provided.
Dollar amounts are in United States currency.

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