People get a reverse mortgage either to use the equity in their home to improve their lifestyle or they us the equity in their home to create a high earning investment. Most people do a comibintion of the two. Ask one of our experience loan officers how it works.
MIP stands for mortgage insurance premium. This is a guarantee fee by FHA. This guarantees the terms of your reverse mortgage and protects the lender as well.
There are 2 basic types of programs: Fixed rate and Adjustable rate. Each has it's benefits and drawbacks. Ask your reverse mortgage specialist for more details.
HECM is Home Equity Conversion Mortgage which is a reverse mortgage guaranteed by HUD.
YES! Although no payment is required, you can pay off your mortgage at any time with no penalty.
JR has been in the mortgage industry for over 40 years helping people change their lives through home ownership and financing. After retiring for a few years she couldn't stay away and started ReversePro to bring reverse mortgages to more people after seeing the incredible good they can do.
Reverse Pro and Jerilyn R. Green are authorized to do business in the states of Arizona, Colorado, Idaho, Utah. AZ State license# 1028830; UT DRE License#1357842, MLO License# UT DRE 5492717; CO State license# 100528076; ID MBL-2082568046, ID MLO-2080044191
License pending approval by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act;
Jerilyn R Green is part of Reverse Pro, LLC and not a separate entity
For information on how we collect and use personal information, please see our Privacy Notice and Terms of Use pages. For California consumers: For information about our privacy practices, please visit our Privacy Page California Section.
This website has not been reviewed, approved or issued by HUD, FHA or any governmental agency.
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