Everything you need to know about the FHA Insured HECM Program and how homeowners use it to Stay In Their Home
You will find all the information that youll need to make an educated decision about what HECM is right for you. You will learn what a Reverse Mortgage is, understand how it works, and see how this FHA HECM Program can best suit your needs.
Stay In Home Mortgage is currently the largest independent reverse mortgage broker in Washington, Oregon and Idaho. Stay In Home is also recognized as a Top 20 HECM and Reverse Mortgage Provider since 2007. We attribute this success to our Senior Home Advisors who first help by educating you, the homeowner, on the value of a FHA Insured HECM Mortgage to Stay In Your Home as long as you live in your home.
*The Home Equity Conversion Mortgage (HECM) is the Governments version of the reverse mortgage and 100% FHA Insured.
5 Reasons To Secure a Reverse Mortgage Today & Why You
Should Use a Broker
The reduction of the upfront costs of a Reverse Mortgage has been great news for borrowers; however the recent fee reductions mean more work for prospective borrowers to compare loans from multiple lenders. One lender might reduce the origination fee, while another might waive the origination fee but raise the interest rate. Another could change the servicing fee. This is where an experienced Reverse Mortgage Broker comes into play.
Brokers who work with multiple Lenders can get the full details of each product and analyze and compare them for you. Some brokers have a thorough knowledge of the Lenders and products available in the market today. Most consumers arent as familiar with Reverse Mortgages as they are with Conventional Mortgages; more reason to seek out an experienced Broker to help you find the best product that suits your needs.
I feel like all the work I put in all those years now actually means something to me. Im finally going on the cruise to Alaska that Ive dreamed about but was unable to afford. My life is totally different since I did my Reverse Mortgage. Thanks!
-Nancy Burns, SEATTLE, WA
Take it from me, Pat Summerall, a guy who knows the pros. Call the Stay In-Home Reverse Mortgage Pros at 1-800-963-8011.
Happy Investments, Inc, in Irvine CA and nearby cities Provide Mortgage Broker, Hard Money Loans, Private Money Loans, Home Equity Loans, Commercial Loans. Vacant Land Loans, Rehab Loans, FHA Loans.
ClearStone Property Management is a licensed real estate brokerage and full service property management company, with offices based in the San Fernando Valley and Greater Los Angeles area.