Today show segment on Pros and Cons of Reverse Mortgages

By
Mortgage and Lending with Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org) NMLS ID # 139177

Today Show crash course on Reverse Mortgages.  Brief segment but some good information.  Borrowers must be 62 or older to qualify and the loan must be secured by a primary residence.  There is no limit to what funds can be used for including purchase of investment property and/or second homes.  

 

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Posted by

Neil Sweren, CRMP [NMLS 139177]
Certified Reverse Mortgage Professional
FHA HECM Reverse Purchase Expert
Southern Trust Mortgage, LLC a subsidiary of Middleburg Bank 
[NMLS 223810]

(443) 738-9121 Direct

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Lending in Maryland, Virginia, Delaware, Pennsylvania, North Carolina, South Carolina & Georgia

Comments (1)

Kevin A. Guttman-Author, ReverseMortgageSpecialist
NMLS #384936 - Colorado Springs, CO
877-251-9709

Neil,

Reverse Mortgages can be great for the right person.

Thanks for this clip.

Kevin

Apr 13, 2012 07:56 AM