QUESTIONS?

CALL US: 703-319-2198


HECM Reverse Mortgages for Retirees and Seniors

Published on Jun 23, 2020 | Reverse Mortgage Seniors Age in Place Senior Advocate Jumbo Reverse Mortgage
HECM Reverse Mortgages for Retirees and Seniors
HECM Reverse Mortgages for Retirees and Seniors

How are mom and dad doing during the pandemic? Hopefully they are home and staying safe.  It’s not like everybody isn’t stressed enough by the current situation. It is clearly affecting everyone.  As for older people, one of the other less talked about silent stress points is having to make mortgage payments and service debt like credit cards on a fixed income. This is a good time for a Reverse Mortgage because rates have come down as a result of the pandemic. Our youngest recent client was 62 years old and oldest was 94. There are many benefits available with Reverse Mortgages for retirees and seniors whether it be with the government insured HECM Reverse or the Private Label Jumbo for higher priced homes. We offer both programs in VA, DC, and PA, and only the HECM in Maryland.

Note:  Due to the pandemic, Reverse Mortgages right now do NOT require inside physical inspections for appraisals, only drive-by . This is an added benefit for many given how strict FHA appraisals normally are.

To learn more about the benefits of a HECM Reverse Mortgage click here.  To learn more about the qualifications of a Jumbo Reverse Mortgage for high-value homes click here.  

George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC
Mortgage Specialists - Virginia, Maryland, Florida & Pennsylvania

Other Programs:   Alt-A Investor loans-80% Full doc & 75% No Income-No Employment, FHA & VA with Lower Score Options, Fixed & Variable Jumbos-Traditional & Private Label Reverse, Self-Employed Bank Statement & Asset Dissipation Programs. Full range of Non QM Loans for expanded qualification.

Questions/Comments encouraged


 

Recent Posts

Blog Tags

Reverse Mortgage HECM Reverse Mortgage Retirement Planning supplemental retirement income Seniors Retirement security Financial Planning Short Sales Age in Place Government insured mortgage lifetime income with a Reverse Traditional Mortgage Home Care Retirement income insecurity HECM for Purchase Long Term Care Jumbo Reverse Mortgage solutions for underwater properties home equity access reverse credit line Social Security Financial Assessments Annuity forgiven mortgage debt mortgage Inflation Mortgage Loan Process Eligibility for Reverse Mortgage Specialized Forward Mortgages FHA Debt Mitigation 55+ mortgage debt forgiveness act foreclosure cashflow VA LOAN HUD private label reverse mortgage Non QM Reverse to Purchase Mortgage Loan modification Investor Loans Real Estate Investment Loans self-employed borrower Jefferson Mortgage Group bank statement loan Housing Market investor financing No Doc Investor Loans Real Estate Market VA Low Score Interest Rates QM HECM Changes High-Value Homes LESA Mortgage Rates Medicare Sandwich Generation Reverse Mortgage Eligibility Low Credit Score manual underwrite Construction Loan Fed Real Estate Economy 2023 changes growth factor downsizing HELOC Hard Money Loan Lending Limit increase DSCR 2025 changes mortgage debt relief act Mortgage Deliquency Non-recourse loan modify your loan with your lender Business Cash-flow Fiscal Cliff HECM to Purchase Senior Advocate mortgage debt Diversification Estate Plan Senior Care Rentership Credit Score down to 500 Second Trust Gray Divorce Jumbo Mortgage Loan bankruptcy MIP Unrestricted Approval success story Trump Principal Limit Factor 2021 Changes Debt Treasury Commercial Real Estate FINRA Housing Prices Property-based loan occupancy requirements Asset Qualifer ATR Rule assisted living LLC Asset Based Mortgage Blanket Loan Seller Contribution Jumbo Reverse Second Trust Second Trust Prequalification Non-Qualifying Loan