Reverse Mortgage Concepts

Consumer Loans | Real Estate Loans

Reverse Mortgage

Description

I have been helping Arizona seniors remain independent by using a Reverse Mortgage since 2003. During that time I have personally achieved the goal of increasing the quality of life for over 500 seniors.

A Reverse Mortgage is a Home Equity Loan for seniors, age 62 and older, who wish to tap into the equity in their homes and use the money to pay off an existing mortgage, pay bills and expenses, invest or create a stream of tax free income. There are no restrictions on how the money can be used.

The most important feature of a Reverse Mortgage is that there is no required monthly payment. In addition, these loans are usually Government Insured, non-recourse loans that present no liability to the individual for repayment. The loan is usually repaid through the sale of the home when the homeowner is done using the property as a primary residence. The homeowner and his heirs retain all of the remaining equity in the property at the time of sale. There is no shared appreciation or ownership stake by the lender or HUD. The borrower will remain on title throughout the entire process and will never lose ownership of the home.

Due to the high regulation and backing of HUD, a reverse mortgage is a safe, secure alternative for seniors who wish to stay in their homes indefinitely, while using a portion of the home's value as liquid cash to help increase their standard of living or to complete financial planning objectives.

The industry is changing rapidly and Reverse Mortgages have become a viable option for borrowers and lenders and it looks like they are here to stay. Some of the new products we have seen in recent months are; Reverse Mortgage Purchase Loans, Jumbo Reverse Mortgages, 60 Year Old Reverse Mortgages and Second Homes Reverse Mortgages.

We Offer an Instant Rate Quote.

Consumer Loans

Type Home Equity Loans

Real Estate Loans

Specialty Residential Mortgage Commercial Mortgage Type Jumbo Loans B/C/D Loans Subprime Loans

Purpose Real Estate Purchase Real Estate Refinance Second Mortgage Terms Short Term Long Term Interest Only Fixed Rate Adjustable Rate

General

Products HECM, FHA, Reverse Mortgage, Arizona Reverse Mortgage Brands Senior Lending Network, World Alliance Financial, 1st Reverse, JB Nutter, Financial Freedom, Wells Fargo, Bank of America

Services 100% Financing Construction Debt Consolidation FHA Fixed Rates Foreclosure Bail Out Home Equity Loans Purchase or Refinance Reverse Mortgages Self Employed Programs Stated Income Programs Details Concerns: Bankruptcy Concerns: Divorce Loan Type: Construction Loan Type: FHA Loan Type: Home Properties: Manufactured Homes

Hours

Monday	8:00 a.m. - 5:00 p.m.
Tuesday	8:00 a.m. - 5:00 p.m.
Wednesday	8:00 a.m. - 5:00 p.m.
Thursday	8:00 a.m. - 5:00 p.m.
Friday	8:00 a.m. - 5:00 p.m.
Saturday	closed
Sunday	closed

Service Area

Serving: Phoenix AZ (Metro), Prescott AZ (Metro), Phoenix AZ

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This Business Can Be Found In

AZ > Phoenix > Consumer Loans: Home Equity Loans
AZ > Phoenix > Real Estate Loans: Residential Mortgage, Commercial Mortgage, Real Estate Purchase, ...
The information, assurances and other representations on this page (collectively the "information") have been provided by the advertiser and have not been verified by Dex. The advertiser is solely responsible for the accuracy and truthfulness of all such information including without limitation information provided concerning any certifications, specialties, licenses or the like and any warranties, pricing and/or discounts. You should contact the advertiser to verify the information contained in this advertisement before relying on it. Dex expressly disclaims any and all liability in connection with the information contained in this advertisement and any use thereof or reliance thereon.

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