Reverse Mortgage Home Loans
Reverse Mortgage loans explained so you can know if a Reverse Mortgage is right for you.
A REVERSE MORTGAGE CAN PROVIDE FOR A COMFORTABLE RETIREMENT
If you are 62 years of age or older, a Reverse mortgage may be the answer you are looking for.
What can a reverse mortgage do for you?
* You can eliminate your monthly mortgage payments**
* You can pay off your existing mortgage if you have one
* You can continue to own your own home.
* The home equity conversion mortgage is government insured by FHA
* You can use the cash for any purpose
* Please consult with your financial or accounting professional for all question about your tax liabilities.
** Homeowner is responsible to stay current with property taxes, homeowner's insurance, and other property related expenses. Mortgage interest and PMI (If you have PMI) are added to your mortgage balance.
why would i want a reverse mortgage?
* You continue to live in your home.
* You can use your cash out for any reason or purpose. Vacations to medical, how you use your money is up to you.
* No matter what, the lender can not cap, reduce, or limit your full line of credit.
* You are able to borrow and receive your funds in a lump sum, or line of credit.
* Your heirs can inherit the home and keep any remaining equity after the balance of the reverse mortgage is paid off.
* If you want to change homes, you can use the Reverse mortgage to purchase your new home. (must owner occupy)
* A past bankruptcy or other credit issues, is not necessarily an obstacle to obtaining a reverse mortgage.
Meet my Aunt Eleanor.
Her story could be yours.
Have Questions? What's your next Step?
You may have additional questions or maybe you want to find out how a reverse mortgage might work for you.
Here are Items that we will need so we are able to know to help you:
* How much you owe on your property. Helps us know how much equity is available.
* Date of birth of all borrowers. Since the amount of the loan available is based on the age of the borrowers, this is very important.
* Address of the property. This allows us to look up your home and get an estimate of value. This is not an appraisal, but a value estimator only.
There is no obligation to any of this information. Even getting a full quote to see what you may qualify for has zero obligation to move forward with a loan. My goal is to give you enough information to be able to make a decision on what is right for you.
Who I Am
Greg Herman
Sales Manager
NMLS#215455
I have over 35 years of mortgage lending experience. I pride myself on being very open and straight forward. I want your questions and concerns. If this or any loan is not right for you, I’m not going to do that loan. Only your best interests are important to me when we are working together.
Yes that is me. I pitched professionally for the St. Louis Cardinals, Seattle Mariners, and the Chicago White Sox. This is my minor league baseball card from Appleton Wisconsin in 1977.
If you want more information on how a Reverse Mortgage will personally work for you, click the button below, fill in the information, and I’ll contact you back. With the information requested, I can create a spreadsheet that can help you see how you might qualify for this Reverse Mortgage.
As you can see, like many of you, I too am a senior. At 65+, we all have similar concerns when it comes to our future finances. Working with my Aunt Eleanor, and with clients who are seniors, I fully understand the questions most of you have regarding how this loan works and why would a Reverse Mortgage be right for you.
Greg Herman
gherman@anchorfunding.net
(951) 265-1607 direct
6336 Greenwich Dr. Ste A, San Diego CA 92122
NMLS #236419 | NMLS Consumer Access | 6336 Greenwich Dr #A San Diego, Ca 92122. Licensed by The California Department of Real Estate, Real Estate Broker Number 01276087. Loans made or arranged pursuant to the Department of Business Oversight California Finance Lenders Law license number 603 L293. Copyright©2021, Anchor Funding, Inc. All Rights Reserved. *Not all applicants qualify. *Excludes any Origination or Discount fees used to buy down the rate and payment.
