Our company American Pacific Reverse Mortgage Group is an experienced Reverse Mortgage Lender ranked as number 25 in loan volume in the country. I’ve been a lender for many years and know your time is very valuable. But, I do want to keep you informed of this excellent product for those clients over 62 that would like to purchase a home preferable without the burden of monthly loan payments.
Since Reverses are different from forward loans that you see most often I thought it would be good to send out helpful information to you.
We don’t expect you to be exerts. If you know something about this great product you will feel more comfortable recommending this type of financing and referring your customers’ to me: 800-266-9606
Anyway, here is some good information for this time:
A Reverse Mortgage is referred to as a H.E.C.M (Home Equity Conversion Mortgage) it is a unique loan designed for borrowers 62 years of age and older. Borrowers can access their home equity in the form on monthly income, a line of credit or immediate cash, or a combination of all three.
That’s all for now.
The start of the Reverse Mortgage Financial Assessment to be extended. It was scheduled to begin in mid January, 2014. No date has been provided yet. This was announced at the NRMLA conference in New Orleans today.
Ken and his wife Elaine have been residents of Placer County since 1972 having moved here from San Jose. Ken is a native Californian, born and raised in southern California. He and his wife presently live in Rocklin. .He served in the U.S. Army engineers in Korea during the War as a demolition specialist and operations sergeant in a construction engineers. He attended Pierce, West Valley, and D' Anza Colleges working toward a degree in Real Estate. Ken has been a licensed real estate agent since 1955 and a licensed Broker since 1964, License #00276581, and as a Mortgage Loan Originator licensed under the National Mortgage Lenders Act, License
“The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation. The views expressed are mine alone and do not necessarily reflect the views of American Pacific Mortgage Corporation.”