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.