Atlantic Bay Mortgage Group

Use your home to stay in your home!
What is a Reverse Mortgage?
A Reverse Mortgage is a loan that enables senior homeowners to convert part of their home’s equity into tax-free income.
How do I qualify?
You do have to:

be a homeowner 62 or older
be living in the home as your primary residence,
have equity in your home.

You don’t [...]

History of Reverse Mortgages:
The Reverse Mortgage Program (HECM) was created for homeowners who are 62 or older by the Housing and Community Development Act of 1987, as part of the U.S. Department of Housing and Urban Development (HUD).
What is a Reverse Mortgage (Home Equity Conversion Mortgage):
The HECM FHA insured reverse mortgage can be used by [...]