Give your budget a second to breathe
HomeSafe Second is a second loan that complements your existing mortgage, unlocking a piece of your stored equity without the burden of a new monthly payment or the need to refinance.
Looking for extra cash flow?
HomeSafe Second may help you:
- Consolidate high-interest credit card debt
- Cover rising costs at the pump and the grocery store
- Fund long-term care, medical expenses, or emergencies
- Pay for home improvements
- Or spend your cash however you'd like
How It Works
HomeSafe Second loans you a portion of your home equity. With no additional monthly payments required until you leave the home or violate the terms of the loan, the loan balance grows over time. When you leave the home, the loan is repaid (which can be settled with the sale of the house), but will never amount to more than the home's value.
Loan Requirements
To qualify for a HomeSafe Second loan, borrowers must:
- Meet all loan obligations, including using the property as your primary residence
- Pay property charges including first mortgage payment, property taxes, fees, and hazard insurance
- Maintain the home
Is HomeSafe Second Right for You?
If you're looking to access a portion of your home's equity without refinancing your existing mortgage or taking on an additional monthly payment, HomeSafe Second may be worth exploring.
Whether you're looking to reduce high-interest debt, manage unexpected expenses, improve your home, or simply create additional financial flexibility, HomeSafe Second provides another option for putting your home's equity to work.
Let's Discuss if HomeSafe Second Can Help
Fernando Castellanos
Reverse Mortgage Loan Originator
Future Mortgage Inc.
NMLS # 250186
Email: fernando@m1m.com
Website: www.m1loanman.com
Phone: (909) 581-6320
Important Disclosure
Currently available to eligible homeowners ages 55+ in CA, CO, CT, FL, SC, and TX where the minimum age is 62. These materials are not from HUD or FHA and were not approved by HUD or any government agency. The HomeSafe® Second mortgage is a proprietary product of Finance of America Reverse LLC and is not insured by the Federal Housing Administration (FHA). Finance of America Reverse LLC and its affiliates are not acting on behalf of or at the direction of HUD/FHA or any other government agency. Rates and terms are subject to change. Contact us for a complete list of availability.
