How does accessing your home equity with a second mortgage and no required monthly mortgage payment sound to you? Do you love your home and want to stay in it forever? How about a low-cost version of a Reverse Mortgage?! We just may have a solution for you and it’s new! Maybe you would like to make improvements like adding a pool, updating your kitchen or bathrooms, or a new roof. Whatever those improvements are, your home equity is currently trapped in your home due to stringent standard loan qualifying requirements. Getting a traditional loan or even a standard home equity loan with a required monthly mortgage payment can be intimidating and then you have to face the additional monthly payment expense. Most people don’t want this burden as they get older. Others have already looked at Reverse Mortgages but have been scared off by the costs.
Our solution? The Jumbo 2nd Reverse Mortgage. It has significantly lower costs as compared to first lien Reverse Mortgages. The lower costs will shock you on a relative basis and your upfront, out of pocket expenses are low. If you are at least 55 years old, you may have this option to achieve your goals with our Jumbo 2nd Reverse Mortgage. A Jumbo Reverse 2nd Trust Mortgage provides the opportunity for you to easily access your home equity with streamlined eligibility requirements that meet the needs of people considering retirement, current retirees and seniors. Most people qualify on existing Social Security income while those with good credit and high credit scores do not have any income qualifying requirements with our program. You can even leave your existing first trust mortgage completely untouched and in place.
Our Jumbo Reverse 2nd Mortgage is currently available for eligible homeowners in Florida. Seconds are available with minimal qualifying, low relative costs, and minimal costs to get started - up to $1,000,000, with exceptions considered for higher loan requests for higher-priced properties.
Our recent clients have been very pleased with this program to access their home equity because of the relative ease to obtain the loan, the low costs, and the ability to bolt on this no monthly payment option and not disturb their current financial profile. If you are interested, please call us for a free no-obligation consultation to see if this might be a good fit for you.
George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC - Mortgage Specialists
Programs: Traditional QM (Fannie Mae, Freddie Mac), government insured HECM Reverse Mortgages, and Non Traditional Non-QM Mortgages commonly referred to as Specialized Forward Mortgages including “Alt-A Investor loans” and DSCR (Debt Service Coverage Ratio) loans up to 85% LTV, both Full doc and No Income-No Employment (No Doc) for the investor community. Our expanded niche products also focus on the more traditional FHA & VA with Lower Score and higher Debt-to-Income Options, Fixed & Variable Jumbo loans, and Private Label Reverse mortgages for higher priced homes. We are also highly focused on specialized loans for the Self-Employed borrowers with our Bank Statement & Asset Dissipation Programs. We are committed to offering a full range of “Non-QM Loans” for expanded qualification, where the banks and large-scale lenders dare to go.
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