Reverse Mortgages in Georgia - Turn Your Home Equity Into Cash

At Northstar Mortgage, we help Georgia seniors 62 and older unlock the value in their homes with reverse mortgages.

Since 1998, we've been helping homeowners in Alpharetta, Atlanta, Cumming, and throughout Georgia make the most of their biggest asset—their home.

What is a Reverse Mortgage?

A reverse mortgage is a home equity loan that allows homeowners aged
62 and older to convert some of the equity in their home into
cash—without making monthly mortgage payments. You continue to own
your home and live in it as your primary residence.

How Reverse Mortgages Work

• You receive money from the lender (tax-free)
• No monthly principal or interest payments required
• The loan is repaid when you sell the home, move out permanently, or
the last surviving borrower passes away
• You never owe more than your home's value

Reverse Mortgage Options in Georgia

• FHA HECM (Home Equity Conversion Mortgage): The most common type,
government-insured
• Proprietary Reverse Mortgages: Jumbo reverse mortgages for higher-value homes
• Single-Purpose Reverse Mortgages: Offered by some state and local agencies

Who Qualifies for a Reverse Mortgage in Georgia?

To qualify for a reverse mortgage through Northstar Mortgage:

• At least 62 years old
• Own your home outright or have significant equity
• Primary residence (must live in the home)
• No federal debts (or proof of repayment)
• Must attend a required HUD counseling session

Benefits of a Reverse Mortgage in Georgia

• Supplement retirement income
• Pay for healthcare expenses
• Home improvements or repairs
• Cover living costs
• Help family members with financial needs
• No monthly mortgage payments

Georgia Reverse Mortgage Specialists

Steve O'Day and the Northstar Mortgage team understand the unique
needs of Georgia seniors. We take the time to explain all your options
and help you determine if a reverse mortgage is right for your
situation.

Important Considerations

Reverse mortgages are a significant financial decision. Before proceeding:

• You must continue to pay property taxes and insurance
• Home maintenance responsibilities remain yours
• Interest accrues over time, reducing your home equity
• The loan becomes due when you no longer occupy the home

Get the Facts About Reverse Mortgages

The first step is a consultation. Call Northstar Mortgage at (770)
995-8078 to learn more about reverse mortgage options in Georgia.