WSB Mortgage is licensed to do Reverse Mortgages in 21 states and we have over 30 of experience in the financial services business. We are one of the Nation's leading lenders, we are members of the Better Business Bureau, I could go on an on with many different reasons.
The most important reason is we have gone above and beyond all the licensing requirements needed to become FHA approved in 21 states and we have become Certified Reverse Mortgage Advisor's. We have 700+ loan officers across the country and we try to get them to become CRMA's. If you wish to work with a CRMA please call us and let us know we will refer you to one in your area.
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Reserve mortgages are targeted to the senior people in the country whose age is 62 or above. For many senior citizen in the country who have not been able to build up a substantial retirement fund, and for whom the Social Security benefits are not sufficient to cover their life's expenses, a reverse mortgage
ReplyDeleteloan is the right option. With this, the senior citizens in the country can use the equity in their home to get the loan. They can use the loan proceeds for whatever purpose they want. But, by taking a reverse mortgage loan, the equity of the homeowner is lowered down.
There are so many myths out there - seniors need to really do their research to find a reputable third party company who can help them select the best reverse mortgage and even while reviewing the benefits/cons of the program.
ReplyDeletereverse mortgage