Reverse Mortgages

Boston Reverse Mortgage Loan Attorneys

If you are 62 or older, retired, and/or living on disability and unable to work, you may be able to use the equity that you have in your home to make ends meet more comfortably. You can do this by applying for a reverse mortgage loan or home equity conversion loan. There are types of loans are federally insured, backed by the Department of Housing and Urban Development, and endorsed by the AARP. Our lawyers can help you to evaluate your options and to determine whether or not a reverse mortgage loan is right for your situation.

Contact Pulgini & Norton, LLP for reputable and experienced real estate lawyers who can help you to secure a reverse mortgage loan you can live with.

Experience the Difference

At Pulgini & Norton, we represent people throughout the Boston area who have substantial equity in their homes but who are unable to secure conventional home equity loans because of income requirements.

How Does a Reverse Mortgage Loan Work?

A reverse mortgage loan can be treated much like a home equity line of credit where you simply take money out as needed; it can also be paid out to you in one lump sum or on an installment plan. You may also have several different types of reverse mortgages to choose from. These include the federally insured reverse mortgages and home equity conversion loans mentioned above as well proprietary reverse mortgages (obtained through private lenders) and single-purpose reverse mortgages (secured though government agencies or non-profit organizations). However, your choices can be limited by factors such as your income, age, primary residence, and the amount of equity you have built up.

Exceeding Your Expectations

To learn more about reverse mortgage loans and what your options are, contact us via e-mail to schedule an initial consultation or reach us by phone at our Downtown Boston, Hyde Park, or Braintree, Massachusetts, office locations.