Who is Top Flite Reverse

Top Flite Reverse provides the homeowner with an educational and informative reverse mortgage experience. The complete process is a no pressure, ethical and honest relationship with trust serving as the foundational principal.

What is a Reverse Mortgage

In plain English, a reverse mortgage is nothing more than an equity loan secured by your home which is designed to defer the mortgage interest. It's as simple as that. The most common type of reverse mortgage is the Home Equity Conversion Mortgage (HECM).

This product was created by the Federal Housing Administration in 1989. While a traditional home mortgage requires the homeowner to make scheduled monthly payments over a specified term, (usually 30 years) the reverse mortgage interest is not due until the loan reaches maturity. As long as the homeowner still resides in their property and pays their property taxes and insurance they can take advantage of not making monthly payments on the money they borrowed.