Your Local Reverse Mortgage Specialist
Mark Sangster
Senior Loan Officer · NMLS #351484
NOVA HOME LOANS
Serving Summerlin and Greater Las Vegas
Reverse Mortgage Guidance for Summerlin Homeowners
Explore whether a reverse mortgage may match your home equity, retirement goals, and plans for staying in your current home or rightsizing into another residence.
Why Summerlin Homeowners Ask About Reverse Mortgages
Retirement Cash-Flow Flexibility
Use permitted loan proceeds to help address living expenses, healthcare costs, or other retirement priorities.
Stay in Your Current Home
Remain in the home and community you enjoy while accessing available home equity.
Line-of-Credit Flexibility
Access available funds when needed, subject to the loan terms and remaining availability.
HECM for Purchase
Explore buying a new principal residence in Southern Nevada with a reverse mortgage for purchase.
Communities We Commonly Discuss
Sun City Summerlin
A well-known active-adult community with golf, recreation, and neighborhood amenities.
Siena
A guard-gated Summerlin community with homes and amenities designed around active living.
Serving all of Summerlin and nearby Las Vegas communities.
How It Works
- 01Initial Review
We learn about your home, mortgage, and goals.
- 02Compare Options
Review available structures, potential proceeds, costs, and alternatives.
- 03Personal Guidance
Mark explains the information clearly and answers your questions.
- 04Application and Closing
If it is the right fit, complete counseling, appraisal, underwriting, and closing.
Borrower Responsibilities
A reverse mortgage generally does not require monthly principal-and-interest mortgage payments. You remain responsible for:
- Property taxes
- Homeowners insurance
- Keeping the home in good condition
- Principal-residence occupancy
- Applicable HOA dues and property charges
Why Work With Mark Sangster
- Local Las Vegas Valley loan officer
- Clear explanations tailored to your goals
- Responsive, personalized service
- Backed by NOVA Home Loans
- Your information is not sold to multiple lenders
NOVA HOME LOANS
My goal is to help Summerlin homeowners understand their options clearly so they can make an informed decision about their future.— Mark Sangster, NMLS #351484
Frequently Asked Questions
How much may I qualify to receive?
The amount depends on age, home value, interest rates, existing liens, financial assessment, program limits, and costs.
Will a reverse mortgage affect Social Security or Medicare?
Social Security and Medicare are generally not needs-based, but retained proceeds may affect some needs-based benefits. Consult the appropriate benefits professional.
What happens when the loan becomes due?
The loan is generally resolved through sale of the home, repayment, or another permitted option, subject to program rules and timelines.
Do I have to make monthly mortgage payments?
Monthly principal-and-interest payments are generally not required, but all taxes, insurance, maintenance, occupancy, and other obligations must be met.
Can I lose my home with a reverse mortgage?
The borrower remains the owner but must comply with the loan terms. Failure to meet required obligations can cause the loan to become due and payable.
Can I use a reverse mortgage to buy a home?
Eligible homeowners may use a HECM for Purchase to buy a new principal residence while contributing the remaining required funds at closing.
You work directly with Mark Sangster at NOVA Home Loans.
Your information is not sold or passed to multiple lenders.