Stay in your home. Enjoy your home.
Have a great retirement.

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Hartford Funding offers so many ways to use your home’s equity during your retirement years.

Why choose a Zoom Reverse mortgage ?

In a word: Choice.

A reverse mortgage gives homeowners 62 years and older the most flexibility of any loan now available. Because with our Zoom Reverse, you choose how much to pay on your mortgage every month! Even choose to skip monthly mortgage payments.*

Remember, just like with any loan you must continue to pay your taxes, insurance premiums and maintain the home in good condition.

*Loan must be repaid in full when the homeowner no longer uses the home as the primary residence. Borrower could be subject to foreclosure for failure to maintain the property. Borrower must continue to pay taxes and insurance or otherwise default on the loan.

A Better Lifestyle.

A Zoom Reverse mortgage gives you so many options for lowering your monthly mortgage payments and putting more aside for travel, debt payoff, medical expenses…whatever you need.

What can you do with a Zoom Reverse Mortgage?

  • If you have a low mortgage balance right now or no mortgage, you may be able to refinance with a Zoom Reverse and use the equity in your home to free up cash. That can amount to hundreds of thousands of dollars. Use it however you want - keep it as a safety net for unexpected expenses, do home improvements, travel. It's totally up to you!
  • Do you have a monthly mortgage payment now? With a Zoom Reverse you may be able to refinance at a lower interest rate and pay back whatever you want each month. For example just make interest only payments, or skip your monthly mortgage payments altogether*
*Loan must be repaid in full when the homeowner no longer uses the home as the primary residence. Borrower could be subject to foreclosure for failure to maintain the property. Borrower must continue to pay taxes and insurance or otherwise default on the loan.

What is a Reverse Mortgage?

A reverse mortgage is a loan designed by the U.S Government to help people 62+ stay in their homes during retirement.

With a reverse mortgage - just like with a traditional mortgage, the one you probably took out when you bought your home - the borrower pays back the loan to the bank or lender. And like a traditional mortgage, with a reverse you are able to cash out some of the equity in your home and receive payments, either monthly or as a lump sum.

But the big difference with a reverse mortgage is that the monthly mortgage payments are set by the homeowner and are flexible. You can pay back whatever amount fits your budget, even skip the monthly payments if you want.*

So a reverse mortgage is a great choice for senior homeowners who want to remain in their home, but need to reduce their monthly payments, or need more cash for retirement.

Remember, just like with any mortgage, you must continue to pay taxes, insurance and upkeep on the home.*

*Loan must be repaid in full when the homeowner no longer uses the home as the primary residence. Borrower could be subject to foreclosure for failure to maintain the property. Borrower must continue to pay taxes and insurance or otherwise default on the loan.

Hartford Funding You’ve come to the right place.

Reverse mortgage? Home refinancing? Buying a home? Whatever your financial plan you’ve come to the right place.

Hartford Funding is a DIRECT LENDER. We make it simple – we approve your mortgage. No middle man. No extra fees. No hidden costs. No confusion. So often much lower closing costs.

Hartford Funding has always been a champion of honesty and integrity. We believe the more you know, the more you’ll appreciate the services we provide.

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*These FAQs have not been reviewed or approved by HUD and may be subject to revision.

How much can I borrow with a Zoom Reverse mortgage?

The amount you can borrow depends on your age, the appraised value of your home, and the interest rate you qualify for. The older you are, the more cash you’ll be able to take out of your equity. The lending limit on reverse mortgages, set by the US government, is now 4 million dollars.

Will I continue to have monthly payments with a reverse mortgage?

Yes, like with any mortgage, you must continue to pay property taxes and homeowner’s insurance, and you must keep the house in good repair.

How do I qualify for a Zoom Reverse Mortgage?

The home must be your primary residence and one of the homeowners must be at least 62 years old. You must be current with your current mortgage payments. And your cash flow, credit history and the amount of your current mortgage balance compared to the value of your home must meet US government guidelines.

What about closing costs?

Like every mortgage, a Zoom Reverse does require some closing costs for things such as appraisal, title insurance, etc. But it is important to know that the closing costs for a Zoom Reverse are typically much lower than other reverse mortgages.

How long does the approval process take?

Closing a reverse mortgage will take a bit longer than a traditional mortgage, and there is a loan counseling session required by the government. But at Zoom Reverse we will speed you through each step and usually we can make the entire approval process faster and less burdensome.