Reverse Mortgages in Maryland
Fidelis is a Maryland mortgage company that exclusively offers FHA insured reverse mortgages to qualifying senior homeowners.
What is a reverse mortgage?
It is a loan program that allows homeowners that are 62 years of age and older to use accumulated home equity to increase cash flow and still maintain ownership of their home. This means you can access a portion of your home's equity without creating a monthly debt.
What are the income and credit requirements?
Reverse mortgage criteria are very relaxed compared to other loan programs. You need to:
- Occupy the home as your primary residence.
- Pay the property taxes and insurance
- Maintain the property
How will a reverse mortgage benefit me?
Because the money is considered a loan instead of income (consult with your tax professional), reverse mortgages are tax free. So why let your home equity sit when you can put it to good use for living expenses, home improvements, a vacation, gifts for family members, and more?
Why choose Fidelis Mortgage?
Our firm was founded by a U.S. Marine Corps veteran. In June 2010, our president was the first person in the nation to earn the designation of Certified Reverse Mortgage Professional (CRMP).
If you're interested in a Maryland reverse mortgage, Fidelis Mortgage is the right company to help you learn more and show you how you can benefit from this program. Just contact us, and we will guide you through the whole reverse mortgage process so you can make an informed decision.
We gladly assist senior homeowners throughout the state of Maryland. So whether you live in Anne Arundel, Baltimore, Montgomery, Howard county or beyond, please contact us to find out more!
Fidelis Mortgage - Licensed by Maryland DLLR, MD - 15987
NMLS # 190121 (http://nmlsconsumeraccess.org)
1809-B E. Joppa Rd.
Baltimore, Maryland 21234
Toll Free: 866-750-8762
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