Delaware Reverse Mortgage Services


Find a Council Member Providing Reverse Mortgage Services

Use the search, map, or area links below (scroll down) to find help where you live in Delaware.

Reverse Mortgage & HECM Services in Delaware

New Castle and Kent Counties
Wilmington, Newark, Dover, and surrounding areas
You can reach us toll free at:
(302) 494-6631
Mark Coffman

Mark Coffman

Pike Creek Mortgage Services, Inc

We help our clients enjoy a balanced and impactful life through committed stewardship of time, ability, and financial resources. Some of the services we provide include Reverse Mortgages.

About Pike Creek Mortgage Services, Inc | Contact Mark Coffman for Help & Information

Sussex County
Milford, Seaford, Georgetown, Laurel, Lewes, Millsboro, Milton, Selbyville, Long Neck, Rehoboth Beach, and surrounding areas.

Although this area is temporarily without a member to assist you we can still help you with any concerns you may have. We can also put you in contact with various elder care services in Sussex County. Click here to Request Assistance from the Delaware Care Planning Council.

Click on the Map to Locate Services

    New Castle and Kent Counties: Wilmington, Newark, Dover, and surrounding areas

    Sussex County: Milford, Seaford, Georgetown, Laurel, Lewes, Millsboro, Milton, Selbyville, Long Neck, Rehoboth Beach, and surrounding areas

About Reverse Mortgages

    For many seniors in Delaware the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home-equity loan. But a conventional loan really doesn't free up the equity because the money has to be paid back with interest.

    A reverse mortgage is a risk-free way of tapping into home equity without creating monthly payments and without requiring the money to be paid back during a person's lifetime. Instead of making payments the cash flow is reversed and the senior receives payments from the bank. Thus the title "reverse mortgage".

    Many seniors are finding they can use a reverse mortgage to pay off an existing conventional mortgage, to create money for a down payment for a second home or to pay off debt. Popularity is skyrocketing. Over the last five years the number of reverse mortgages nationwide has tripled. The uses of this untapped wealth are only limited by a person's imagination.

    For those seniors who are less fortunate financially but own a home, a reverse mortgage can allow them to remain in the home by creating extra income. It can also allow for remodeling or repairs and when the time comes to sell, the investment in the home can make it more valuable.

    Continue reading about reverse mortgages...