Whether you want to remodel your kitchen, install accessibility features, or modernize your space, our tailored home loan solutions allow qualified homeowners aged 55+ to unlock their home equity, providing the funds needed to make the upgrades you’ve always dreamed of.
Debt consolidation allows qualified applicants to refinance their mortgage or take out a new loan to pay off high-interest debts, such as credit cards and personal loans. Instead of juggling multiple payment schedules, you’ll make one predictable payment with more favorable terms, helping you regain financial control.
By refinancing your current mortgage loan, your finance charges may be higher over the life of the loan.
A HELOC is an excellent option for retirees who want flexibility in funding their home improvements. This revolving line of credit allows you to draw funds as needed, making it great for phased or ongoing projects.
Why Choose a HELOC?
If you’ve built significant equity in your home, a cash-out refinance provides a straightforward way to finance larger upgrades. This option replaces your existing mortgage with a new loan, allowing you to access the difference in cash to fund renovations.
Potential Advantages of Cash-Out Refinancing:
By refinancing your current mortgage loan, your finance charges may be higher over the life of the loan.
For qualified homeowners aged 62 and older, a reverse mortgage offers a unique way to finance home improvements without monthly payment obligations.* Use this FHA-insured loan to create a home that supports your lifestyle, whether by adding ramps, widening doorways, or upgrading bathrooms for safety. Borrowers must pay the premiums for the FHA insurance.
Advantages of Using a Reverse Mortgage for Home Improvements:
Built-in FHA protections designed for senior homeowners.
(*Borrowers must maintain property taxes, homeowners insurance, and home maintenance to comply with loan terms.)
At American Senior Lending, we specialize in helping qualified retirees achieve their home improvement goals with customized financing options. Our experienced loan officers will guide you through the process, ensuring you select the right solution for your unique needs.
Contact Us Today at (866) 619-6947 or click here to schedule your free consultation. Let us help you simplify, save, and succeed in your retirement.
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Eric is a distinguished leader in the mortgage industry, with over 22 years of experience and 16 years focused on reverse mortgages for seniors. As Vice President of Consumer Direct at Reverse Mortgage Funding (RMF), he built and led a top-performing sales team of 90+ mortgage loan officers, securing RMF’s position as a top three lender and servicer monthly. Simultaneously, he co-led a retail team of 125+ outside originators, further expanding RMF’s market dominance.
Before RMF, Eric propelled Liberty Reverse Mortgage (formerly Genworth Financial) to the number one reverse mortgage retail lender in the nation by establishing a 100+ employee call center and managing 90+ nationwide loan originators.
Eric plays a pivotal role in marketing, enhancing referral partnerships, direct-to-consumer initiatives, and wholesale efforts through his leadership. His success is driven by data and performance tracking. Licensed in 11 states and a California Department of Real Estate Broker, Eric’s proven track record of leadership and innovation is poised to attract significant investment opportunities.
