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LibertyStreet Financial Group
- 6-13-2011
- Categorized in: Mortgage and Debt Payoff, Mortgages, Reverse Mortgages
A Reverse Mortgage is…
A Reverse Mortgage allows seniors, over the age of 62, to access a portion of their home equity, tax-free, without the burden of making payments on the loan. The amount available to you is based on your home value and your age.
The tax-free money can be accessed in one or any combination of the following ways…
· Lump Sum: Draw the entire available loan amount or any portion in cash.
· Line of Credit: Draw cash, as requested, from the available line of credit.
· Tenure: Receive equal monthly payments for life, as long as one borrower is living in the home.
· Term: Receive equal monthly payments for a specified period of time.
The loan balance is repaid when you sell your home or no longer occupy the property. Your heirs may refinance the loan or sell the home and keep the remainder of the sale proceeds.
The FHA recently announced important changes; providing greater flexibility with fixed or adjustable rates and low cost options to senior homeowners.
LibertyStreet…
LibertyStreet originates HUD / FHA Home Equity Conversion Mortgages (HECM).
• Dedicated Team of Reverse Mortgage Specialists
• Management Team with the experience of over 7,000 closed loans
• In-House Processing Team
• In-House Closing Department
• 10 Year relationship with Fidelity National Title and Escrow
Our Vision…
Provide seniors with the Nation’s Highest Standards in Reverse Mortgages.
Our Mission Statement…
Support the individual goals of each client through a Team of Highly Specialized Reverse Mortgage Professionals dedicated to serving the senior community.
Our Value Statement…
LibertyStreet promotes and ensures absolute INTEGRITY from each Team Member.
Call today to speak with one of our highly experienced Reverse Mortgage Specialists
Toll free: (800) 656-4045
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