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About Reverse Mortgages
Tax-free income is available to seniors who purchase a reverse mortgage loan product. The Wyoming homeowner never gives up the title of the home and is never forced to sell the home under any circumstance. The loan product reverses the direction of payments where the lender is paying the homeowner. The homeowner is never at risk from housing market conditions.
Consumer Safeguards
The state of Wyoming and the federal government have mandated laws to protect their senior citizens with their most valued asset, their home. The protections are in place to make sure the no senior who has a reverse mortgage in Wyoming will ever lose rights to their home. Loan products like the FHA HECM are safeguarded by the government. For other types of proprietary reverse mortgage loan products a set of best practices have been put in place.
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