Delaware Care Planning Council
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Delaware Reverse Mortgage & HECM Services
Serving all of Delaware
US Mortgage Corporation
Jed Winegar, Reverse Mortgage Loan Originator | NMLS# 269547
I help homeowners age 62 and older access equity in their homes to fund care, make repairs, or pay off an existing mortgage.
I am happy to meet in my office, on the phone, Zoom, or in your home to review your options in detail and provide information to consider at your own pace.
You can reach me at: (801) 679-4586
About US Mortgage Corporation | Contact Jed Winegar for Help & Information
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Book: How to Deal with 21 Critical Issues Facing Aging Seniors
Aging seniors and their families are often confounded by the complexity of issues facing the elderly. This book takes a comprehensive approach to address these challenges and provide solutions.
About Reverse Mortgages
For many seniors in Delaware the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home-equity loan. But a conventional loan really doesn't free up the equity because the money has to be paid back with interest.
A reverse mortgage is a risk-free way of tapping into home equity without creating monthly payments and without requiring the money to be paid back during a person's lifetime. Instead of making payments the cash flow is reversed and the senior receives payments from the bank. Thus the title "reverse mortgage".
Many seniors are finding they can use a reverse mortgage to pay off an existing conventional mortgage, to create money for a down payment for a second home or to pay off debt. Popularity is skyrocketing. Over the last five years the number of reverse mortgages nationwide has tripled. The uses of this untapped wealth are only limited by a person's imagination.
