Best Reverse Mortgage Companies

Standard Lenders

Standard Lenders was founded on the principle that customers come first. We go above and beyond to make the loan selection and approval process as simple as possible. Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances.

A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. We stay in touch with clients regularly and update them on the latest happenings in the housing industry that could affect their finances. Our loan experts can connect with you over the phone, email, and at home to accommodate your every need.

There are two basic types of reverse mortgages that can be refinanced: traditional reverse mortgages and jumbo reverse mortgages. These products are available both to first-time clients and to existing reverse mortgage homeowners.

If you’ve been wondering “Can you refinance reverse mortgages?”, we have some good news for you. Traditional reverse mortgages are Home Equity Conversion Mortgages (HECMs). Traditional reverse mortgage loan amounts range up to $822,375. These loans are federally insured by the US government and allow you to maintain your title and homeownership for the rest of your life while receiving monthly payments to supplement your retirement income.

These funds can be dispersed as a one cash lump sum or line of credit to live comfortably during your retirement, pay off debts and medical bills, afford caregiving expenses, etc. This can provide you with peace of mind knowing your surviving spouse will be protected. Additionally, traditional reverse mortgages have the benefit that you can leave your home to your heirs rather than it going automatically to the bank upon passing. Enjoy no prepayment penalty with your refinanced reverse mortgage loan.

If a traditional reverse mortgage just isn’t enough, jumbo reverse mortgages can go up to $4,000,000. With no mortgage insurance, no FHA value limit, and no mortgage payments, you can maintain ownership and spousal protection just like the HECM. Enjoy a fixed interest rate for life with plans that have multiple product tiers and rates. Flex programs allow one large lump sum and monthly payments. Choose what works best for you with Standard Lenders.

https://standardlenders.com/

Standard Lenders

Best Reverse Mortgage Companies

Standard Lenders 2023-03-21

Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances. A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. With our Federal Housing Administration (FHA) loans, you can make your goal of owning a home a reality. An FHA loan is a government-backed mortgage that is guaranteed by the US Federal Housing Administration. As a result, FHA loan borrowers must pay a two-part mortgage insurance to compensate for this increased risk.

How the 10 Worst Transfer Reverse Mortgage Leads Fails of All Time Could Have Been Prevented

Powers Marketing 2022-09-03

If you need money to finance a down payment or to help pay for college costs, then a reverse mortgage may be right for you. You are just receiving a lump sum of cash through Reverse Mortgage Leads. Let’s Discover Leads For Reverse Mortgage A trusted marketing partner can help generate high-quality Reverse Mortgage Leads for you. Don’t forget to specify other important information about your lead generation campaign such as:· Head of Household· Type of Homeownership/housing you have· Mapping tool· Median neighborhood age· Income and/or home value· Neighborhood· ZIP CodeDo Direct Mail Options For Reverse Mortgage Lead Marketing Still Work? You can also use them to generate credible Transfer Reverse Mortgage Leads.

4 Things to Know Before Getting a Reverse Mortgage

Key One Financial Inc. 2021-12-31

One way for homeowners over age 62 to harness their equity for any type of expense is with a reverse mortgage. So, you’ll need to make sure you can get a high enough price to cover the reverse mortgage cost. There are many situations in which a reverse mortgage could be a good fit for a senior homeowner. Whatever the choice, borrowers should make sure they understand all the terms of a reverse mortgage or refinance before making a decision. Let us know if you or anyone you know is interested in finding out more about a Reverse Mortgage.

Best Mortgage Companies To Work For In Florida | EquiFund Mortgage

EquiFund Mortgage 2021-12-20

EquiFund mortgage lending companies, will give you the advantage over most all other mortgage lenders because you now will be able to see multiple lenders immediate loan quotes, while not exposing your personal information, which in most cases will be used to nonstop call you. We never sell your information, nor will we ever reach beyond a few phone calls for engagement. You, the consumer, are in full control. EquiFund Mortgage parent company, Consumer Credit Services, was chartered in 1998, when the founder realized that most mortgage home loan companies fail to educate and empower the consumer in the fear that they will lose the business.

What Is A Jumbo Reverse Mortgage

Matt Head 2023-08-18

A jumbo reverse mortgage can give seniors under age 62 access to millions of dollars. Let’s take a look at what a jumbo reverse mortgage is and how it can benefit you. The DefinitionA jumbo reverse mortgage allows you to borrow a higher loan limit than those provided by Federal Housing Administration’s (FHA’s) or Home Equity Conversion Mortgage (HECM). A jumbo reverse mortgage can benefit you in many ways. If you haven’t reached the general age requirement for a standard reverse mortgage and you’re not able to wait another two years to gain access to cash, a jumbo reverse mortgage would be a great option for you.

Reverse Mortgage Meaning: Common Terms Explained

Sanya Kaushal 2018-09-25

When it comes to exploring reverse mortgages and how they could be helpful to your situation you first should have an understanding of the terms that will be used throughout the process. Here are a few terms that may be helpful in your research to find out what a reverse mortgage is. An amortization table or amortization schedule will show you the breakdown of payments and interest that the borrower will pay over time. The counselling is usually a 90-minute session provided by an independent, third party approved by the U.S. Department of Housing and Urban Development (HUD). The counsellor’s role is to make sure the borrower understands exactly what a reverse mortgage is. Expected interest rate: The interest rate that is used to calculate the principal limit.

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