Thank you for choosing BD Mortgage Group to assist you on your Reverse Mortgage Purchase. One of our authorized loan representatives will contact you within 24 hours.
A little about BD Mortgage Group, we are the leader in reverse mortgage lending, specializing in reverse mortgage loans since 2012. Our wholesale partnered Lenders work closely with retirement planners to help senior homeowners convert a portion of their home equity to fund long-term retirement plans, allowing them to age in place. With a trusted and well-recognized brand in the industry, proven tools and support, our mission in reverse mortgage is to attain the highest level of borrower satisfaction. HECM reverse mortgages have helped over a million seniors comfortably age in place. Learn more about how these products can help your customers fund the retirements they have worked so hard to achieve.
Fixed & Adjustable Rate Reverse Mortgages
A fixed rate reverse mortgage loan offers a single lump sum disbursement, and a consistent, fixed interest rate over the life of the loan*. An adjustable rate reverse mortgage has an interest rate based on the one-month LIBOR index. Multiple payment plans are available to suit borrowers’ needs such as:
Term: Fixed monthly payment for a set number of years
Tenure: Fixed monthly payment for the lifetime of the loan*
Growing Line of Credit (LOC): An established amount of money set aside for future draws when borrowers need it.
HECM for Purchase
Designed to assist seniors to buy their next home, using a reverse mortgage:
Replaces traditional mortgage to finance a new home
Down payment is obtained from the sale of current home (or other savings and assets) and combined with reverse mortgage
No monthly mortgage payments (borrower is still responsible for continued payment of property taxes, homeowner’s insurance, maintenance and applicable HOA fees)
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We've been helping customers afford the home of their dreams for many years and we love what we do.
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