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Access Equity with No Additional Monthly Mortgage Payments Required*
HomeSafe Second is a new fixed-rate reverse loan that allows you to tap into your home equity via a second mortgage. There is no additional monthly payment* requirement and no change to the interest rate on your first mortgage.
HomeSafe Second is for people who need to:
How it works: HomeSafe Second loans you a portion of your home equity via a second mortgage. There are no additional monthly mortgage payments* required until you leave your home, stop paying property charges, or do not meet the terms of the loan. The balance of your loan will grow over time. When you leave the home, you or your heirs will be responsible for paying back the loan, which can be settled with the sale of the house but will never amount to more than the home’s value. Keep in mind, you will be responsible for keeping your current first mortgage.
Whatever your goals, HomeSafe Second can help. Access equity while keeping your low interest rate today.
Contact us today to get started.
Did you recently refinance? No problem. You can keep the low rate on your mortgage. HomeSafe Second is an alternative to a HELOC.
This groundbreaking product allows you to access home equity via a second mortgage without adding additional mortgage payments* or refinancing your current low-rate first mortgage.
These materials were not provided by HUD or FHA and were not approved by FHA or any government agency.
* - The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
Loans up to $4 million available for HomeSafe products. The HomeSafe reverse mortgage is a proprietary product of Finance of America Reverse LLC and is not affiliated with the Home Equity Conversion Mortgage (HECM) program. Not all HomeSafe products are available in every state. Please contact us for a complete list of availability.