Reverse Mortgages Baltimore MD, Sue Haviland

A “New” Kind of Loan

A Reverse Mortgage Compared to a Forward Mortgage. (Click on the image to read more)

What is a Growing Creditline?

Perhaps the most attractive HECM feature is that its creditline grows larger over time.

What are advances and how do they work?

The Home Equity Conversion Mortgage (HECM) program can send you a reverse mortgage loan advance every month.

Reverse Mortgage Basics

The HUD sponsored Reverse Mortgage, which is by far the most popular reverse mortgage loan, is commonly called the “Home Equity Conversion Mortgage”. It was created by an act of Congress in 1989 to help seniors enjoy a better quality of life, while remaining in their homes for the rest of their lives. Learn More

Frequently Asked Questions

What questions do you have? What questions should you be asking? Sue Haviland covers the most common by providing frequently given answers.

See the full list.

Reverse Mortgage Myths

Fact or Fiction?

I will lose my home to the bank
Reverse mortgages are risky
I will lose my government assistance
Reverse mortgage proceeds are taxable
Reverse mortgages are only for desperate people
To qualify my house must be “free and clear”
My heirs can end up owing more than the house is worth

Sue Haviland takes the guess work out of the equation. Get the truth.

Consumer Safeguards

Sue Haviland wants you to feel confident in the decision you make. Here’s a list of the safeguards that have been put in place.

Independent Counseling
Standard & Capped Interest Rates
Limitation on Fees
Advance Disclosure
No Pre-payment Penalty
No Penalty for Cancellation
Asset Protection
No Shared Appreciation

What do these mean?