Reverse Mortgage Lender

Richard Keana

NMLS #201584 | NV LIC/REG#: 57913 | AZ LIC/REG#: 0911623| Geneva Financial, LLC. NMLS#: 42056, BK-0910215

(928) 813-0220

Our Commitment to Excellence

At Geneva Financial we are committed to providing our customers with a level of service that is unmatched in the industry.  We are proud to offer one of the largest selections of financing options available.  Our lending professionals are ready to spend time with you to help navigate the complex and often confusing process of buying or refinancing a home.

Our Promise to You:

The qualified professionals at Geneva Financial will be ready to guide you home. When you connect with us, you will be one step closer to your goal of buying, refinancing or taking out a home equity loan.

Facts About Reverse Mortgages

  • A reverse mortgage is meant to tap into the equity in your home. It is a federally insured loan available to homeowners 62 years of age or older. The reverse mortgage requires no monthly payments.
  • The reverse mortgage is like any other loan. To get out of the loan, simply pay it off. If the funds are not available to pay off the reverse mortgage, the home can be sold and the proceeds used to pay off the balance. With a reverse mortgage, you will never owe more than the home sells for at market.
  • How much equity do I need to get a reverse mortgage? On average, one can expect about 50% of the equity in the home. However, this will vary according to the age of the youngest borrower and the FHA loan limit.
  • When you or the last borrower on title die, your heirs can either pay off the mortgage with their funds and keep the house, or they can sell the home and pay off the reverse mortgage. The heirs will keep the excess funds left after the mortgage is paid off. They will never owe more than the home sells for at market value.