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Reverse Mortgage for 55 Year Olds
Manage episode 324877671 series 3336448
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🔥Get Your Free Info Kit🔥
email us at --> info@ReverseMortgageLoanAdvisors.com
Or, call us at (714) 271-8524
Or, visit us online at: https://bit.ly/3bU3SxW
In this podcast we talk about a new program that allows 55 year olds to get a reverse mortgage if they have enough equity.
Reverse Mortgage at Age 55 Program quick highlights:
1. Only 1 investor currently offers this program. However, any lender or broker can do it if they chose to affiliate themselves with this investor. My company does offer it.
2. Minimum loan amount is $100,000.
3. Maximum loan amount is $4,000,000.00. ($6,000,000 on an exception basis).
4. Most all property types allowed EXCEPT no manufactured homes or coops.
5. No credit score requirements, BUT if it's 619 or lower, you might need an escrow account.
6. What percentage of your homes value can you borrow at age:
55 - 27.4% - 40.1%
56 - 28.5% - 41.3%
57 - 29.6% - 42.3%
The amount gets a little bigger with every passing year. Contact us to find out more about this program. 🔥Get Your Free Info Kit🔥 info@ReverseMortgageLoanAdvisors.com (714) 271-8524
Original Blogpost about the Reverse Mortgage for 55 Year Olds (and Older).
Visit California's Best Mortgage Broker. (also licensed in Colorado and Idaho).
www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.
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