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Introducing Gidget Jackson, The Reverse Mortgage Lady, offering financing solutions for Seniors. With over 38 years of real estate experience, I'll help you find a path that you want to follow. I'll give you tools and information to make an informed decision that is best for you. I'm only a phone call, email, or text message away. And yes, I offer personal service and respond to all my calls.
Keep in mind, Reverse Mortgages are not for everyone, but the folks that do get them find that having access to cash using their home equity can result in financial security, staying in your home longer, and the availability of cash when you need it, with lots of options.
No Pressure. I'm here to give you information so you can make an informed decision. Click on the "Apply here for Senior Financing" above and get your FREE Reverse Mortgage Proposal.
Note: Reverse mortgage guidelines are subject to change. A complete updated Loan Proposal will be provided with details regarding the loan once an application is received.
Types of Senior Loans
Types of Senior Loans
Let's briefly go over the types of loans and benefits for Seniors.
HECM - Home Equity Conversion Mortgage
HECM - Home Equity Conversion Mortgage
This is an FHA-backed loan and has many benefits.
Non-Recourse loan: If somehow you use up all the equity in your home over time. You or your heirs are not responsible for any shortfall.
No prepayment penalty if you pay off your loan
Proprietary Reverse Mortgage
Proprietary Reverse Mortgage
Bridge Loan
Bridge Loan
Questions and Answers
Questions and Answers
Have more questions? Phone, text, or email Gidget Jackson...contact info above.
What if my spouse is under 62...considered a Non-Borrowing Spouse?
What if my spouse is under 62...considered a Non-Borrowing Spouse?
What happens if I'm over 62 and my wife/husband is younger?
The younger spouse becomes an "Eligible Non-Borrowing Spouse"
If the borrower over age 62 passes
The borrowing spouse can remain in the home, but cannot access remaining loan proceeds.
Can apply for a new reverse mortgage once 62 with legal title to the property and have all the benefits of a new loan.
Non-Borrowing spouse usually has 90 days to prove to the lender that they have the legal right to stay in the home and fulfil the legal obligatons which includes maintenance of the home, and paying taxes and insurance if applicable.
Your spouse's age is used to calculate the proceeds of the loan
What happens when my spouse turns 62 after the mortgage is in place
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