Terms & Conditions Associated with Advertisements

The information on this page is in reference to terms and conditions associated with advertisements produced by Heritage Reverse Mortgage.

Mail Advertisements:
  • To qualify for a Reverse Mortgage refinance:
    • You must already have a Reverse Mortgage and meet all mortgage requirements set forth by FHA and the lending institution.
    • Ability to qualify depends on multiple factors including but not limited too: income, credit, home value, and the age of at least one borrower being 62 or older.
  • To receive the $20 offered on some flyers
    • Must call and speak to a loan officer
    • Must reference the flyer received
    • Must provide loan officer with basic data needed to review refinance options such as name, address, contact information, birthdates, and current loan details.
  • Cash out amount is not guaranteed at $30,000 or any other number. Up to $30,000 is a general estimate of past clients and average appreciation rates of home values in the states Heritage Reverse Mortgage is licensed in.
  • Offer to help pay closing costs
    • These closing costs are paid at the time of closing with a lender credit from Heritage Reverse Mortgage.
    • We offer similar interest rates on HECM to HECM refinances as we do on all other Reverse Mortgage Transactions.
    • Lender Credit is paid from a portion Heritage Reverse Mortgageā€™s commissions paid by the bank that is funding the mortgage.
    • We do not charge higher rates to compensate for the lender credit.
    • Lender credits are only available on Adjustable Rate mortgages. Lender Credits are not available on Fixed Rate Mortgages.
    • For financial reasons lender credits may be limited to loans with loan amounts above $100,000.
Television Advertisements:

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