NEW- SRES® and Financial Freedom® form Partnership
Many people ask me about reverse mortgages. This explanation may help. I am, of course, a Realtor, not a lender so please be sure to ask a lender and your accountant about this strategy for you before moving ahead!
Financial Freedom is the largest originator and servicer of reverse mortgage loans in the nation. In fact, their only business is reverse mortgages! They have been providing seniors with financial security and independence for over ten years. Based in Irvine, California, Financial Freedom offers reverse mortgages in all 50 states. With half of America’s reverse mortgages in their portfolio, they’re able to provide a broad array of product options to meet individual needs.
What is a Reverse Mortgage?
A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free income - without having to sell their home, give up title to it, or make required monthly mortgage payments. The loan only becomes due when the last borrower(s) permanently leaves the home. A reverse mortgage allows the borrower to remain in his or her home and retain home ownership while having no required monthly mortgage payments.
Contact me for more information: (619) 287-7777 Lynn
www.lynndasteel.com