Reverse Mortgage Lender

Karen Pryor

833-779-6748
NMLS#: 167985

Welcome to Pryority Lending Group

It is my pleasure and honor to assist you in navigating your options regarding a reverse mortgage. Education is key in determining whether this is the right choice for you.

I work with seniors, their families, and their financial advisors to educate them about the strategic use of housing wealth and how it can support and enhance their retirement plans.

HELOC vs ReLOC?

Is there a better alternative for homeowners over age 62?  A ReLOC may be a far better choice for many retirees. ReLOC is a nickname that stands for either Retirees Line of Credit or Reverse Mortgage Line of Credit. While ReLOCs share many features with HELOCs, three unique features make a ReLOC a line of credit designed for retirees:

  1. The amount you can access grows every month
  2. You don’t have to make payments until you permanently leave your home
  3. The loan can’t be canceled, reduced, or frozen as long as you keep up with basic mortgage obligations (property tax, homeowner’s insurance, basic maintenance, and Homeowner’s Association dues).

To find out more about this HECM option, call me today!