Wednesday, February 1, 2012

Naples Reverse Mortgage

Core Mortgage Financial has several Naples reverse lenders in our portfolio. Reverse mortgage for seniors is a viable option depending on the applicants financial situation. Senior reverse mortgages are designed to cash out of existing equity or to purchase a new home. Naples reverse mortgage borrowers never have to make a mortgage payment, but are required to pay their taxes and insurance separately.

Naples reverse mortgages are FHA insured and guarantee you will receive expected loan payments in a lump sum or a line of credit. If the borrower has any type of foreclosures or government debt this could be an issue in getting approved.

Naples reverse mortgage purchase money transactions can be very beneficial for certain borrowers. Under the current Naples reverse mortgage guidelines, lenders are not making decisions solely on income and credit.


Core Mortgage Financial believes in providing reverse mortgages to all seniors who qualify.
Please check out our website for more information on reverse mortgages.
Watch this short youtube VIDEO on Reverse mortgages.

Click Here for Naples reverse mortgage information !

Core Mortgage Financial
239-514-2673 office
www.coremortgagefinancial.com





Disclaimer:
This blog is informational purposes only. Rates, programs, guidelines are subject to change without notice. NMLS #849597 / NMLS #344608

1 comment:

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