MAJOR CHANGES COMING TO FHA INSURED REVERSE MORTGAGE PROGRAM!
If you are thinking about a reverse mortgage you want to call us today!
Not tomorrow or the next day.
The window of opportunity is extremely limited!
We have approximately 2 weeks to get in under the wire.
72 years old – 5% int. rate - $500,000 home value
Current available loan amount: $295,500
New available loan amount: $233,300
DIFFERENCE: $62,000 less to a senior
On August 29th HUD announced major changes to the HECM (reverse mortgage) program. These changes will greatly reduce the amount of money seniors can borrow against their homes and will increase the cost of the loan to most seniors.
If you think you will ever want a reverse mortgage TODAY is the day to call us. In just a few weeks, the reverse mortgage program will no longer be an option for many seniors. All we have to do to buy time for you to decide definitively is get counseling done, sign an application, and then we can pull a case number. Then you will have time to decide if it is definitely the right decision for you. You are not obligated to complete the transaction just because you do counseling and we sign an application - it just protects you under the current lending limits, and cost struction. It buys you time.
At The Reverse Mortgage Group we only offer reverse mortgages. We don’t try to be everything to everyone; instead we specialize in reverse mortgages for our senior clientele.
HUD requires that borrowers must meet with an independent HECM counselor and receive a counseling certificate before a case number can be assigned. In light of these program changes, we predict that independent counseling sessions are going to fill up quickly — so now is the time for you to call to schedule a counseling appointment if you are planning to apply, or even considering it.
You may also call us and we can email one to you. Our number is: 925-969-0380. Or Google HUD Approved HECM Counseling Agencies - California.
Please start calling today if you are even considering a reverse mortgage. The cost is approximately $150 but that is your only risk. Once counseling is completed, we must wait 7 days before we can schedule an application. AFTER the application is signed THEN we can pull a case number. Only after we pull a case number are you protected under the current loan limits and cost structure.
Branch Manager and Reverse Mortgage Specialist
A reverse mortgage can be an effective tool for enhancing your retirement years. You have worked hard all your life and now is the time to enjoy. Whether it is golf, learning photography or how to play the piano, traveling or spending more time with the grandkids, it is your time to live!
A reverse mortgage allows seniors to access tax-free cash by utilizing some of the equity in their home. However, it is not a decision to be taken lightly. It's important to work with a local, experienced originator who can help you assess your unique situation to determine if a reverse mortgage is right for you.
Here at The Reverse Mortgage Group we feel it is critical to meet with our clients face to face. We come to your home, spend time talking about what you hope a reverse mortgage will do for you and your family. This face to face meeting is critical to the success of your reverse mortgage closing, and even more importantly, to the long term success of your reverse mortgage.
Our focus is to insure you have all the information you need to make an educated decision about whether a reverse mortgage is right for you. A reverse mortgage is a big deal and it is a big concept. The first step is education and determining your goals. Only then can you decide whether it is right for you.
After many years offering traditional mortgages to help people achieve the dream of homeownership, we decided to focus our talent on helping people attain (or retain) financial security in their retirement years. The economic meltdown was creating a silent crisis among seniors who had 'done everything right'. They saved, they worked a lifetime, they had their annuities, Social Security, pensions, IRAs etc. all lined up. They were ready to enjoy a bit of leisure time. When Wall Street crashed, it robbed many seniors of the financial security that had been built over years of hard work and planning. We feel it is essential that we, as a society, help to provide our seasoned citizens with the dignity, safety, security and contentment they have earned through a lifetime of accomplishments.
We treat every client with respect, honesty, sensitivity and integrity. It is our job to pay attention to the details of your particular situation, to educate you and your family, and to ensure a Reverse Mortgage is the right answer for you. We want to help you to attain your retirement dreams.
We offer in-home consultations. We come to you, sit at your kitchen table, and talk about your hopes and dreams. We will review the program, the process, the costs, and discuss whether a reverse mortgage can help you to attain those dreams.
We are here to answer any questions you may have - big or small. You may or may not be ready to make a decision today but you might have a question that will help you to think through your options.
Call us, we are happy to help.
We look forward to working with you soon.
Thank you for your inquiry here at The Reverse Mortgage Group.
Beth, Cheryl, Krissy, Kristine, Tiffany, Sydney, Julie, and Charlie
Beth Miller-Rowe Team
Branch and Corporate NMLS: 831612/1850
“Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
CA BRE #01215943
Watch Beth Miller-Rowe, The Reverse Mortgage Group, Interview on KRON - Channel 4
Reverse mortgages are loans offered to homeowners who are 62 or older who have equity in their homes. The loan programs allow borrowers to defer payment on the loans until they pass away, sell the home, or move out. Homeowners, however, remain responsible for the payment of taxes, insurance, maintenance, and other items. Nonpayment of these items can lead to a default under the loan terms and ultimate loss of the home. FHA insured reverse mortgages have an up front and ongoing cost; ask your loan officer for details. These materials are not from, nor approved by HUD, FHA, or any governing agency.