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Home > Financial Services > Mortgage Brokers > Reverse Mortgage Company
Reverse Mortgage Company
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
Reverse mortgages enable homeowners to remain in their own home and continue to enjoy familiar surroundings for the rest of their lives. There are five reverse mortgage programs designed to raise the standard of living for seniors 62 years of age and older. You can choose the right program and payment plan to suit your needs.
Reverse Mortgage Company offers reverse mortgages that are insured by the Federal Housing Administration FHA and also those guaranteed by Fannie Mae. In addition they offer two proprietary reverse mortgages specifically designed for higher valued homes. Many of their loan officers, processors, and administrators are seniors themselves and are trained to communicate the intricacies and inner workings of the reverse mortgage details with utmost sensitivity and respect, providing outstanding customer service.
The Company also assists you through six basic steps in procuring a loan for buying a house or renovation of your home such as getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
The firm is dedicated to a goal, which is to save you money, distress and time and they guarantee results. Whether you are a new residential homebuyer, a seasoned commercial developer, or simply refinancing an existing mortgage, they offer the best package of service, rates, and closing finesse few in the industry can come close to.
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