After my husband died, I was scared...Working with Bingo Reverse Mortgage gave me peace of mind. No mortgage which was a celebration! The best thing about working with Bingo Reverse Mortgage is they were quick and easy!
Ron and Marie
Working with Bingo gave us the ability to look into the future and realize we are going to have a solid future. We knew this is what we had to do.
Through the Reverse Mortgage process, we can stay in our home indefinitely.
Bingo has completely changed my financial outlook. I was looking for a way to help with inflation and I want to do some traveling. This is a way to get equity out of your house and enjoy life! Bingo Reverse Mortgage has been so easy to work with and they're just great people.
Company NMLS ID: 2268418
Mortgage Loan Originator NMLS ID: 2216012
If you qualify and your loan is approved, a HECM loan must pay off your existing mortgage(s). With a HECM, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible nonborrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A HECM increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.