Easy Mortgage Closings with Great Rates
Easy Mortgage Closings with Great Rates
Reverse Mortgages are a great financial resource that has enabled seniors to use their home equity to sustain long-term retirement and, in some cases, saving your home from foreclosure proceedings; while maintaining residence in their home. The program began in 1988 as part of the Housing and Community Development Act. Since this time, the program has undergone many changes. Most of these changes are designed to protect the consumer and the overall health of the Mortgage Insurance Fund from FHA.
Borrower(s) must maintain tax and insurance
If a borrower has poor credit or is behind on mortgage payments, they can still qualify! The most important factors are Age (must be 62), Equity & meeting minimum income in order to pay for taxes & insurance on the home (although sometimes this can be paid in advance with your equity)
Borrower’s estate retain all equity
Homeowners keep all future appreciation
Disbursement Funds are tax free.... But always consult your tax advisor
Funds may be used how the borrowers please!
Seniors want to age in place, at home. Seniors are living longer; carry debt and have equity that they can use for retirement.
We will take the stress out of your Reverse Mortgage Refinance or Purchase. Qualifying is EASY.
Minimum Age 62
LTV Driven (Equity)
Poor Credit or Behind on Payments -Not an Issue
Qualify on Minimal Income
Dedicated Reverse Lending Division since 2008
Ginnie Mae issuer of HMBS
Our Reverse Mortgage Lender retains servicing on over 95% of their reverse production
100% committed to you, our client
• Local to the South Denver Metro
• Over 15 years in the real estate and mortgage industry
• 17+ years of contract negotiation experience
• Originated and closed over $10M in residential real estate transactions annually
• Credit/FICO Specialist
Loan Originator | NMLS#: 140520
P: 720.441.8481
InFokus Mortgage (NMLS# 2418937)
Regulated by DORA
2063 Woodbourne Terrace, Castle Rock, Colorado 80104, United States
7-Days a Week: 9am - 7pm
Copyright © 2018 Shane Grenko, Mortgage Broker and Owner of InFokus Mortgage- All Rights Reserved.