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What is a reverse mortgage?

HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature. 

More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.

Compare HECM Lenders in AK for free with RMLD – Let us find you the best program.

Seniors in AK qualify for a reverse mortgage if…

• they are 62 years of age or older
• own their homes
• have equity available in the property
• can afford to pay for the home’s property taxes and insurance
• have never defaulted on governemnt insured loans

I qualify for the HECM reverse mortgage how does this program improve my retirement?

• improve your retirement qualify by having access to your equity today
• no more mortgage payments while you are living in the home
• interest rates are at all time low’s
• ability to spend the equity as you wish – no restrictions are placed on the funds
• no taxes are applied to the equity you release

“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”

How Does the Reverse Mortgage Work in Alaska?

You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.

Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.

This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.

 

Snapshot of Alaska

Population

698.5K

Median Home Value

$144,220

Home Ownership Rate

63%

Population Over 65

8%

Local Reverse Mortgage Lenders/Banks/Brokers in Alaska

A

Adak · Akhiok · Akiachak · Akiak · Akutan · Alakanuk · Aleknagik · Allakaket · Ambler · Anaktuvuk · Anaktuvuk Pass · Anchor Point · Anchorage · Anderson · Angoon · Aniak · Anvik · Arctic Village · Atka · Atmautluak · Atqasuk · Auke Bay

B

Badger · Barrow · Beaver · Bethel · Bettles Field · Big Lake · Brevig Mission · Buckland

C

Cantwell · Central · Chalkyitsik · Chefornak · Chenega Bay · Chevak · Chickaloon · Chicken · Chignik · Chignik Lagoon · Chignik Lake · Chiniak · Chitina · Chuathbaluk · Chugiak · Circle · Clam Gulch · Clarks Point · Clear · Coffman Cove · Cold Bay · Coldfoot · Cooper Landing · Copper Center · Cordova · Craig · Crooked Creek

D

Deering · Delta Junction · Denali National Park · Denali Park · Dillingham · Diomede · Dot Lake · Douglas · Dutch Harbor

E

Eagle · Eagle River · Edna Bay · Eek · Egegik · Eielson AFB · Ekwok · Elfin Cove · Elim · Elmendorf AFB · Emmonak · English Bay · Ester

F

Fairbanks · False Pass · Fort Greely · Fort Richardson · Fort Wainwright · Fort Yukon · Fritz Creek

G

Gakona · Galena · Gambell · Girdwood · Glennallen · Golovin · Goodnews Bay · Grayling · Gustavus

H

Haines · Halibut Cove · Healy · Holy Cross · Homer · Hoonah · Hooper Bay · Hope · Houston · Hughes · Huslia · Hydaburg · Hyder

I

Igiugig · Iliamna · Indian

J

JBER · Juneau

K

Kachemak · Kake · Kaktovik · Kalskag · Kaltag · Karluk · Kasaan · Kasigluk · Kasilof · Kenai · Ketchikan · Kiana · King Cove · King Salmon · Kipnuk · Kivalina · Klawock · Kobuk · Kodiak · Kokhanok · Koliganek · Kongiganak · Kotlik · Kotzebue · Koyuk · Koyukuk · Kupreanof · Kwethluk · Kwigillingok

L

Lake Minchumina · Larsen Bay · Levelock · Little Diomede · Lower Kalskag

M

Manley Hot Springs · Manokotak · Marshall · Mc Grath · Meadow Lake · Mekoryuk · Mentasta Lake · Metlakatla · Meyers Chuck · Miers Lake · Minto · Moose Pass · Mountain Village

N

Naknek · Nanwalek · Napakiak · Napaskiak · Naukati Bay · Nelson Lagoon · Nenana · New Stuyahok · Newtok · Nightmute · Nikiski · Nikolaevsk · Nikolai · Nikolski · Ninilchik · Noatak · Nome · Nondalton · Noorvik · North Pole · Northway · Nuiqsut · Nulato · Nunam Iqua · Nunapitchuk

O

Old Harbor · Ouzinkie

P

Palmer · Pedro Bay · Pelican · Perryville · Petersburg · Pilot Point · Pilot Station · Platinum · Point Baker · Point Hope · Point Lay · Port Alexander · Port Alsworth · Port Graham · Port Heiden · Port Lions · Prudhoe Bay

Q

Quinhagak

R

Rampart · Red Devil · Ruby · Russian Mission

S

Saint George Island · Saint Marys · Saint Michael · Saint Paul · Saint Paul Island · Salcha · Sand Point · Savoonga · Saxman · Scammon Bay · Selawik · Seldovia · Seward · Shageluk · Shaktoolik · Shishmaref · Shungnak · Sitka · Skagway · Skwentna · Slana · Sleetmute · Soldotna · South Naknek · Stebbins · Steese · Sterling · Stevens Village · Stony River · Sutton

T

Takotna · Talkeetna · Tanacross · Tanana · Tatitlek · Teller · Tenakee Springs · Thorne Bay · Togiak · Tok · Toksook Bay · Trapper Creek · Tuluksak · Tuntutuliak · Tununak · Twin Hills · Two Rivers · Tyonek

U

Unalakleet · Unalaska

V

Valdez · Venetie

W

Wainwright · Wales · Ward Cove · Wasilla · White Mountain · Whittier · Willow · Wrangell

Y

Yakutat

HUD’s list of approved HECM Counselors in Alaska.
Counseling is mandatory in all states for those who wish to get a HECM loan.

HECM Counseling Agency Roster as of 06/05/2013 (1 records were selected, 1 records displayed.)

Name	Agency ID	Address	Phone	Web Site
MONEY MANAGEMENT INTERNATIONAL, ANCHORAGE, AK.	80208	417 BARROW ST ANCHORAGE,  AK  99501-2515	(866) 232-9080	http://www.moneymanagement.org

 

AMERICAN PACIFIC MORTGAGE 12001 INDUSTRY WAY STE 8 ANCHORAGE, AK 99515 ANCHORAGE County
Title II
Approval Date: Jun 06, 2008			[81 Areas Approved for Business]
HECM: Yes			Originates 203K: No
Telephone: (907) 336-5363			FAX Number: (907) 336-5364
E-Mail Address: [email protected]