Silver Lining in Reverse Mortgages

In the last weeks I have had a number of calls for reverse mortgages
Perhaps I need to re-look at the silver lining in HECM's
For someone who owns a home that they want to stay in until
they go to heaven they make sense.
Reverse mortgages are a hybrid FHA project.
No payment is necessary, but property taxes and fire insurance
must be maintained current by the Borrower.
Makes sense for certain people
Let's chat about it
Caroline Gerardo Eagle Home Mortgage, Universal American Mortgage
NMLS 324982

24102 El Mirage Laguna Niguel For Sale

24102 El Mirage Laguna Niguel $799000   $ 799000. Sales price 80 10 + 10 program $ 87000. needed to close 30 year fixed rate 3.875%  APR 3.941 Payment  1st                       $ 2941.33 payment 2nd 30 year          $   561.33 Property taxes                     $   832.13 Fire insurance                     $     76.00 Total $5209.80 FICO score of 721 loan costs: appraisal $500, underwriting processing $1295 escrow $1595 title $714 recording $ 96     HILLARY CASTON REALTOR 01266265 Cell (949) 922-8490           http://www.thecoastalpropertyexperts.com/about   Coldwell Banker 30812 S COAST HWY Laguna Beach CA 92651   Caroline Gerardo Senior Loan Officer NMLS #324982     Office 949-784-9699 eFax 855-883-4303   CarolineGerardo@eaglehm.com www.eaglehomemortgage.com/carolinegerardo   Eagle Home Mortgage 100 Spectrum Center Drive Suite 500 Irvine CA 92618 This is for informational purposes only and should not be relied upon by you. Coldwell Banker is not committing to lend money. Contact Eagle Home Mortgage directly to learn more about its mortgage products and your eligibility for such products. NMLS #849059 CA #813I609 Universal American Mortgage Company of California, dba Eagle Home Mortgage of California. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA #4130383, NMLS #252392, NV #3244. Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.

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