We offer a full suite of Dignified Reverse Mortgage Products!
With a Dignified Reverse mortgage:
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Your existing mortgage can be paid off to eliminate future monthly mortgage payments! You are only responsible for paying the property taxes, homeowner’s insurance, and maintenance costs for your home. We also have options to assist you with these responsibilities should you wish.
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Proceeds are paid to the homeowner tax-free and do not affect Social Security benefits. The loan proceeds can be used for any purpose you choose – or you can keep them to allow for quick access in the event of a future need or emergency. Reverse loans can also serve as an excellent financial planning tool for your future.
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Are you considering purchasing another property? Reverse loans can be used to purchase a property with a loan up to $4 million and low closing costs! This can be a powerful tool when it comes to financial planning, liquidity, or retirement strategies.
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Did you recently refinance your first mortgage and love your low rate? No problem! With a Reverse Second you can keep your forward first mortgage. Our fixed rate Reverse Second can help you achieve your goals and keep peace of mind by accessing your home equity without additional monthly mortgage payments. Just like other Reverse mortgages the Reverse Second is a non-recourse loan. Let us show you the possibilities!
Please reach out to start a conversation with our team. We are here to guide you through any questions you may have about our Dignified Reverse Mortgages.
Reverse Operations Manager & Loan Officer
CORPORATE OFFICE / HQ
Dignified Home Loans
1 Baxter Way, Suite 120
Westlake Village, CA 91362
Email: teamreverse@dignifiedhomeloans.com
Licensed in AZ, CA, CO, IL, OH, OR, TN, and WA
Social Security benefits will not be impacted; however other benefits such as Medicaid or supplemental security income (SSI), or other government assistance, may be impacted.
When a reverse loan becomes due and payable, the outstanding loan and interest will need to be repaid, either through a refinance or sale of the property. The lender charges an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Interest is not tax-deductible until the loan is partially or fully repaid.
Borrowers are responsible for paying property taxes, homeowner's insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy the home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms.