North Carolina Reverse Mortgage Lenders

North Carolina is one of the most populated states in the nation with over 10 million residents. The state is home to many large corporations and banks. The relatively healthy job market due to the constant influx of new college grads in cities such as Charlotte, Raleigh, Greensboro, Winston-Salem, Durham, Cary, Fayetteville and Wilmington has resulted in a pretty healthy economy. A lot of baby boomers and seniors call North Carolina their home.

The constant refueling of new job appliant has caused seniors and baby boomers trouble in finding jobs. A reverse mortgage can be a healthy option if all other options have been exhausted. Just ensure that your lender is licensed by looking on the NC Commission of Banks website.

Anyone considering a HECM reverse mortgage is required to be at least 62 or older and must have equity in their home to tap into.