Telephone: (978) 688-2480 ext. 31   8:30am - 5:30pm
Toll Free Reverse Hotline for Seniors: (800) 662-2480 ext. 70   (after hours 7 days a week, prompt response)
 

Reverse Mortgages
Gaining Popularity

FY 2007
FY 2006
FY 2005
FY 2004
FY 2003
FY 2002
FY 2001
FY 2000
FY 1999
FY 1998
FY 1997
FY 1996
FY 1995
FY 1994
FY 1993
FY 1992
FY 1991
FY 1990

107,558
76,351
43,131
37,829
18,097
13,049
7,781
6,640
7,982
7,896
5,208
3,596
4,165
3,365
1,964
1,019
389
157

The federal fiscal year starts Oct 1st and runs through Sep 30th of the following year.

Statistics Source : HUD

Most seniors will agree that their home is their biggest asset.  Many find it difficult, however, to utilize this valuable asset to obtain extra cash for day-to-day living expenses and other important financial planning needs.  As a result, they are forced to sell their home and purchase a lower-value residence, or, even worse, rent. An AARP study reveals that 85% of seniors prefer to remain in the home they have worked so hard to maintain and which holds comfort, security, and memories.

 

Please take a moment to watch the video to the right to learn about our Senior Trust Program.


Press [Play] to begin...

“Arthur Kohler and Angelo Zona are Reverse Mortgage Specialists of the Senior Trust Program, a division of Interate Mortgage Corporation which has had a spotless track record and has been serving the real estate financing needs of thousands since 1986. Arthur and Angie offer the highest quality of understanding the reverse mortgage as their years of experience in the industry has equipped them with the necessary knowledge needed to serve a wide variety of clients with diverse financial situations. To learn more about our reverse mortgage specialists, please click here.

WHAT IS A REVERSE MORTGAGE?
Tax FREE - No Monthly Mortgage Payments

Welcome to the Senior Trust Program.  The Senior Trust Program refers to the division of Interate Mortgage Corporation that deals specifically with Reverse Mortgages for our Senior community.  We specialize in delivering the most accurate, timely, personalized information and service in our industry.  We are proud of a spotless track record and a strong heritage for helping people with their real estate financing needs since 1986, and have been FHA approved since 1992.  It is our responsibility to ensure an end result of our seniors being able to make their own informed decision to take part in our many reverse mortgage programs.  We offer access to all lenders to provide a variety of programs to find the “best fit” reverse mortgage for our seniors.  Most importantly, we offer the most experienced advice from our specialists as they are seniors themselves and have been working with fellow seniors for years. 
We are family oriented, as we believe that the reverse mortgage does not only involve seniors, but their children and other members of their family as well.  We openly invite and encourage family members to become educated to the benefits of a reverse mortgage so they too can have a clear understanding of what their senior relatives would be taking part in.

Please enter your name and email address to receive a free copy of “My Home Forever” newsletter and detailed information about the reverse mortgage

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There are seniors, and families even, who view the reverse mortgage in a negative way based on common misconceptions and lack of sufficient knowledge about this product.  The truth is, in 1988 government enacted a bill that reformed the reverse mortgage into a safe and secure retirement tool that has recently become very popular among the senior community.  The number of seniors using the reverse mortgage has been growing significantly every year.  As of now, upwards of 350,000 seniors across America have a reverse mortgage.

The FHA, “Federal Housing Administration” created the HECM which stands for “Home Equity Conversion Mortgage” which accounts for the majority of reverse mortgages done in the U.S.  The AARP has written an informational booklet on the HECM which can be obtained by filling out the request form on this page.

As a result of years worth of equity accumulation and the increase in your home value over the years, you can imagine why this is becoming very popular for seniors.  You can access the money that you have paid to the bank in addition to the equity that has been accumulated over the years in your home’s appreciation.  In today’s housing market, regardless of inflation, you now have the ability to access your current equity and convert it into tax-free cash.  The reverse mortgage’s popularity is not just based on a segment of seniors that are already in a financial crisis, but also the fact that most seniors today are beginning to out-live their assets due to scientific and medical breakthroughs that allow us to live longer.  The problem is, many people have not planned their retirement funds according to their extended lifespan, and social security is becoming a major problem because too many seniors expect benefits from it.  Thanks to the reverse mortgage, thousands of seniors are able to live their retirement in dignity and financial independence.

Click here to learn how the reverse mortgage actually works.

 
Angelo Zona, Nicholas Sawchuk, Nancy Ciancio and Arthur Kohler are a team of professionals that specialize in the Reverse Mortgage process. We will put our experience to work for you....

Visit Interate Mortgage Corporation for other available financing options. 

(978) 688-2480 ext. 31        8:30am - 5:30pm
Toll Free Reverse Hotline for Seniors: (800) 662-2480 ext. 70
(after hours 7 days a week, prompt response)
  Email: reverse@interate.com

 National Reverse Mortgage Lenders Association Code of Ethics

Mass. Mortgage Lender and Broker License # MC0023
Licensed by the New Hampshire Banking Department
Maine Licensed Mortgage Banker
Florida Licensed Mortgage Lender


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