Your Arizona Reverse Mortgage

Do more in life. Turn your home equity into cash through a reverse mortgage and gain the freedom to live the retirement you’ve always imagined, without the burden of monthly mortgage payments1.
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Look forward to retirement and beyond with a Reverse Mortgage

Your home is one of your most valuable assets. Why not do more with your equity? Improve your lifestyle and find a reverse mortgage or HECM that fits your unique needs. 

  •  Are there different kinds of reverse mortgages? You’d be surprised just how many solutions we can offer. FHA, proprietary, and so many more.  
  • What can I do with my home equity? You can plan vacations, create residual income, make retirement more comfortable, pay off medical debt, and so much more.  
  • What if I do not own my home free and clear? No problem. The best part of a reverse mortgage is that this line of equity is yours forever with no monthly repayments.  
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Meet Scott Burks

Scott-Burks-MLO

Reverse Mortgage Specialist 

602-683-1388 • NMLS#: 877740

Scott is your local Reverse Mortgage specialist with more than 25 years of lending experience.

Reverse Mortgage Features and Benefits

There are many ways to access your home equity and finance your next adventure.

  • No Monthly Payments¹ 
  • Lower your monthly bills and live more comfortably with a reverse mortgage 
  • Funds received from a reverse mortgage are considered loan advances and not income, so they are generally not subject to income tax (though you should always consult a tax advisor). 
  • Remain in your home and enjoy the equity2
  • Supplemental Income 
  • A reverse mortgage allows you to convert part of your home equity into cash without having to sell the home or make monthly mortgage payments.  
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Reverse Mortgage FAQs

What is a Reverse Mortgage?

A reverse mortgage allows homeowners as young as 55 to access home equity with no monthly mortgage payments required. You just need to pay taxes, insurance, and general upkeep of the property.   

If I have bad credit, can I still qualify for a reverse mortgage?

Yes, most reverse mortgages do not require a minimum credit score. Qualifications are based on age, equity, and rate.  

What is the age requirement for a reverse mortgage?
  •  As low as 55 in some states, otherwise 62.  
What are the benefits of getting a reverse mortgage from a credit union?

Personalized service, no pressure sales methods, consultative approach, we are all Arizona based and live in your community. 

How long does it take to get a reverse mortgage in Arizona?

Typically, 45 days from the date of counseling completion. 

Resource Center

Blog Post

Are Reverse Mortgages a Scam?

A reverse mortgage is a legitimate financial tool that allows homeowners, to access the equity in their home without selling the house or making monthly payments like a traditional mortgage.

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Blog Post

Pros & Cons of Reverse Mortgages

A reverse mortgage allows homeowners age 55+ to convert part of the equity in their home into cash, without having to sell the property or make monthly mortgage payments. Instead of you paying the lender, the lender pays you.

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Blog Post

Reverse Mortgage vs. Home Equity Loan for Retirement Funds

If you’re considering tapping into your home’s equity to access funds for retirement, you might be wondering which would be a better option – a Home Equity loan or a reverse mortgage.

Read More

Disclosures

¹The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid. 

²The right to remain in the home is contingent on paying property taxes and homeowner’s insurance, maintaining the home, and complying with the loan terms.