There are several Reverse Mortgage program options for you to choose from:
A HECM gives you the power to unlock the equity built up in your home while you continue to live in it. With additional funds freed up, you can lower your expenses, do renovations, take off on a trip or simply have funds available for when you need them. Unlock the potential in your home’s equity. With a HECM Reverse Mortgage you’ll be able to:
• Provides loan amounts higher than a Home Equity Conversion Mortgage, or HECM—up to $4 million
• No monthly mortgage insurance premiums (MIP)
• Competitive interest rates
• Fees that can be rolled into the loan with little to no out-of-pocket costs (except for Purchase)
• The industry’s only Borrower Care program that includes a HomeSafe concierge
Reverse for Purchase
Relocate or right-size to the perfect home with no mortgage payments. This option allows borrowers to increase their buying power when purchasing a new home using a HomeSafe reverse mortgage, giving you the option to save money with no monthly mortgage payments.
A revolutionary retirement mortgage that allows people in or nearing retirement to significantly lower their mortgage payments for the next 10 years, and then eliminate the need to make monthly principal and interest payments altogether. Avaiable for people 60+ who own and occupy their home as their primary residence, who have an existing forward mortgage, and who would be short to close on a traditional HECM reverse mortgage.
Would you like to keep your current First Mortgage in place? A Reverse Mortgage Second is a great option for borrowers looking to access their home equity without having to pay off a low-interest, fixed rate first mortgage. It’s the only second mortgage on the market that doesn’t require monthly mortgage payments. Great for a cash injection while maintaining more equity in your home.
What are the steps?
***#1 Reverse Mortgages ARE NOT designed to only be a loan of last resort.***
***#2 Reverse Mortgages ARE very flexible and an excellent Financial Tool to help you preserve your assets.***
***#3 Reverse Mortgages CAN also be used for Purchasing a Home.***
Reverse Mortgages from Lee Korengold 714.336.0930
FREE – In-Home Consultation – I’ll come to you (in Southern California)
Seasoned Professional – Lee is a Senior
Competitive Pricing – I’ll help provide the programs for your best benefit
No “Hollywood Celebrity” Overhead Fees
I’ll be with you from Start to Finish
I love to change Senior’s Lives for the Better!