Reverse Mortgages

McGowin-King was the first broker in Alabama to make a reverse mortgage, and our knowledge of the reverse loan is what makes us the go-to for this unique product.

For some older homeowners, an FHA-insured reverse mortgage loan can be a great way to make use of home equity to supplement income, pay off the remaining mortgage, or provide a line of credit to draw on when needed. While a conventional mortgage allows you to slowly pay for a property over time, a reverse mortgage allows you to take out some of the equity you have put into your home.

At McGowin-King Mortgage, we specialize in helping Alabama seniors determine if a reverse mortgage is a good option for them.