Reverse Mortgage in Alaska

Rest easy. A Reverse Mortgage program in Alaska is federally regulated and insured. The entire process, appraisal, application, underwriting and funding usually only takes 30 to 45 days. You can receive a lump sum, monthly payments, or a line of credit. What is the Best Reverse Mortgage for You?

A Reverse Mortgage is a unique type of loan that allows you, the homeowner, to use the equity in your home to eliminate monthly mortgage payments and other types of debt and/or supplement your income without having to sell your home or give up title. Unlike a traditional home loan, a reverse mortgage does not require a monthly payment. Good news, in circumstances where a sufficient amount of equity exists, the lien holder (Bank) will actually disburse payments to you monthly. You will never need to repay a reverse mortgage as long as you live in your home.

We finance traditional & non-traditional Alaska Reverse Home Mortgage borrowers. Proceeds from your Reverse Mortgage can be used for any purpose, such as:

Supplement your current monthly income
Making improvements on your Alaska home
Covering medical, prescription or long-term care costs
Taking care of everyday or unexpected expenses

Reverse Home Mortgage qualifications and benefits in Alaska:

Occupy your Alaska home as your primary residence.
All Borrowers must be at least 62 years old.
STAY IN YOUR HOME!
NO APPLICATION FEES!
NO Upfront Fees!
90% Approval Rate.

 

Knowing that a bank will not even consider financing a regular Alaska home loan or line of credit unless you have substantial income and good credit, a Reverse Mortgage Loan is ideal for those homeowners who are retired, possibly living on social security or some other fixed income or have bad credit. Compare our Reverse Mortgage Home Loans to a Refinance or Equity Line of Credit. different programs based on your needs, age, credit and lastly home value.

 

Franklin Financial Company has simple way of explaining how a Reverse Mortgage works. We will answer all your questions to the best of our abilities. Franklin Financial offers an educative approach to offering you the best Reverse Mortgage in Alaska at the lowest interest rates. We look forward to assisting you with your lending needs.

 

After our initial consultation, you will know exactly what we can do for you and your family. Complete either our online Pre-Application or Request Free Information.

Reverse Mortgage Application