Your Partner For Today's Newly Restructured
Government Insured Reverse Mortgage.

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About PMA

Professional Mortgage Alliance (PMA) is a reverse mortgage company whose foundation is based on the education created by its sister company, the American C.E. Institute (ACEI).

Together, PMA’s and ACEI’s ultimate goal is to educate consumers and financial professionals that today’s reverse mortgage is not just a needs based product of last resort, but should be considered as a viable option, in an overall and more comprehensive retirement plan.

What Is A Reverse Mortgage?

A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free income, without having to sell their home, give up title to it, or make monthly principal and interest payments. The loan becomes due when the last borrower (s) permanently leaves the home.

When Does A Reverse Mortgage Come Due?

When none of the borrowers are remaining in the home, the loan is due, or you may choose to pay off the loan early. The family or heirs can sell the house or refinance the mortgage as is the case with any other mortgage. Today's FHA insured reverse mortgage offers protections and safeguards for seniors like never before.

Do I Retain Ownership Of My Home?

Of course you do! The #1 myth surrounding the reverse mortgage has always questioned “ownership.” Only your names appear on title and only you make decisions on how long you remain in the home and the disposition of the home after your passing.

How Do I Receive My Proceeds?

Your options include:

  • Upfront Cash: Single Lump Sum Payment
  • Line of Credit: Unscheduled payments or installments, at times and in amounts of your choosing until the line of credit is exhausted.
  • Tenure: Equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
  • Term: Equal monthly payments for a fixed period of months selected.
  • Modified Tenure: Combination of line of credit with monthly payments for as long as you remain in the home.
  • Modified Term: Combination of line of credit plus monthly payments for a fixed period of months selected by the borrower.

How Can I Use My Proceeds?

You can use the money for virtually anything you choose, from daily living expenses, home improvements, healthcare expenses, paying off existing debts, or simply enhancing the quality of life during your retirement years.

Does My Current Income Affect My Ability To Secure A Reverse Mortgage?

Yes, your present income can affect your ability to secure a Reverse Mortgage. Although you will no longer be obligated to a monthly principal & interest payment on your home the lender wants to verify your other monthly obligations, including but not limited to, property taxes and homeowner’s insurance.

Does Having It Effect My Social Security or Medicare Benefits?

No, your benefits will not be affected by the reverse mortgage proceeds.

What About SSI and Medicaid?

Yes, these government programs can be negatively affected by securing a reverse mortgage. If you are receiving benefits from these sources it is PMA’s position to refer you to an elder law attorney or Medicaid expert before applying for a reverse mortgage.

How Safe Is The FHA Insured Reverse Mortgage?

They are very safe. You or your heirs retain ALL ownership rights, continue and it is impossible to fall behind on monthly principal and interest payments because there are none to make. Reverse Mortgages are “non- recourse” mortgages, which means the debt CANNOT be passed to your heirs or estate.