Tired of paying rent? Becoming a homeowner has many benefits, including knowing your scheduled monthly payments, building your equity, and a tax deduction* on the interest you pay. Owning a home also comes with additional financial responsibilities like paying taxes and insurance. But those are commonly included in your monthly payment. Use this calculator to see if becoming a homeowner can fit your budget. Then contact a NOVA Loan Officer to learn about the types of loans that best match your financial situation.
This full-service financial planning firm, and registered SEC Investment Advisor, provides a customized approach to financial planning. With offices in Arizona and Colorado, it serves clients across the U.S.
Reverse Mortgages
NOVA, an FHA approved lender, offers the only reverse mortgage insured by the U.S. Federal Government: The Home Equity Conversion Mortgage (HECM). This enables homeowners 62 and older to access their home’s equity as a tax-free* loan while eliminating their monthly mortgage payments.