Reverse Mortgages

If you have a reverse mortgage, instead of you paying for your home, your home pays you. You may choose to receive either a lump sum of cash or a credit line for a pre-determined period of time. Eligible borrowers must be 62 years of age or older and have equity in their primary residences.

The borrower is still responsible for property taxes and insurance, but a reverse mortgage is an excellent way for seniors who own their home (or have very little mortgage balance) to borrow money.

Contact our reverse mortgage specialist for details: Mike Kraus at 763-355-8540.

Contact Mortgages Unlimited for expert help in finding the right mortgage program for you.


Client Testimonials

I just wanted to drop you a note and thank you and your team for guiding myself & my son Kevin through Kevin’s first home purchase. I realize...

— Paul and Laurie H. Maple Grove, MN

We have had two fantastic experiences with Mortgages Unlimited now. With all the players out there vying for customers, it is hard to know who are ...

— Michael and Alison G. Mounds View, MN

As we close in to 1 year at the house I want to thank you for all the hard work in getting this home for us. I remember all the hoops and phone cal...

— Jamie and Becky Q. Lakeville, MN

My wife Christy and I refinanced with Mortgages Unlimited today and just want to tell you what a great job the loan officer did in explaining the r...

— Eric and Christy M. Maple Grove, MN

Thanks for making our home buying experience a positive one....

— Derrick and Chelsi G. Lakeville, MN

Awards & Affiliations

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7365 Kirkwood Court N, Ste 300 Maple Grove, MN 55369
NMLS Lic #225504

P: 763.416.2600

F: 612.466.3164

Mortgages Unlimited, 7365 Kirkwood Court N, Ste 300, Maple Grove, MN 55369. NMLS Lic #225504 Copyright ©2017. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and Limitations apply. Mortgages Unlimited is required to disclose the following license information: Minnesota: NMLS Lic #225504. Any such offer may only be made in accordance with the requirements of Minn. Stat. Section 47.206 (3) and (4).