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The Basics: At a Glance
Your Countrywide Reverse Mortgage Specialist will help you determine which of our reverse mortgage products would best suit your particular situation and needs. Here are some specifics about your options:
Home Equity Conversion Mortgage (HECM)
The Home Equity Conversion Mortgage, also known as HECM, is what many customers select for their reverse mortgages. Offered by the Federal Government, the HECM is available to any qualifying senior homeowner age 62 and older.
Countrywide SimpleEquitySM Mortgage
Countrywide's SimpleEquitySM Reverse Mortgage can provide a larger loan amount than a traditional HECM reverse mortgage. In addition to providing access to more home equity, SimpleEquitySM offers benefits such as providing a larger loan amount than a traditional HECM reverse mortgage and no mortgage insurance premium.
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Common Misconceptions
Common Misconceptions To speak with a Countrywide Reverse Mortgage Solutions Advisor, call 1-800-959-3789.
Contact a Specialist 1-800-959-3789
http://www.countrywiderm.com/basics/reversemortgage.aspx
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Reverse mortgages from Countrywide are funded and administered by Countrywide Bank, FSB.
Countrywide Bank, FSB and Countrywide Home Loans, a Division of Countrywide Bank, FSB are Equal Housing Lenders. © 2008 Countrywide Financial Corporation. Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries. Countrywide Home Loans, Inc. is headquartered at 4500 Park Granada, Calabasas, CA 91302. Arizona Mortgage Banker License Number BK8805; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. #5929; Illinois Residential Mortgage Licensee; Massachusetts Mortgage Lender License No. ML 1623; this is not an offer to enter into an interest rate lock-in agreement under Minnesota law; Licensed by the New Hampshire Banking Department; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department; Registered with the Pennsylvania Banking Department; Rhode Island Lender’s License. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.
