Mortgage Blog

The New Jumbo Reverse Mortgage Advantage

After the radical changes the government insured HECM Reverse Program experienced last October, the private reverse market has really stepped up to its calling.  The private label Jumbo Reverse has become a very affordable and flexible loan program with a new emphasis on helping homeowners qualify with a much broader application spectrum.  As an example, today an eligible homeowner can use a Jumbo Reverse to buy a new home.  In the past, the private reverse programs were designed solely for refinancing and only as a second option when the HECM program was not available.  ...

June 12th, 2018 | Jumbo Reverse Mortgage, HECM Reverse Mortgage, HECM for Purchase, private label reverse mortgage, The New Jumbo Reverse Mortgage Advantage

Jumbo Reverse Mortgages Take Center Stage

With the introduction of the government insured HECM changes that have appeared to rattle the market in October, the Jumbo Private Label Reverse Mortgages may have found their footing. Home values are acceptable significantly above the government insured limits.  Two unit owner occupied properties are also acceptable.  Significant modifications have also been made to make the Jumbo Reverse attractive.  For example, the rates have dropped just under 25% from previous levels.  Rate options have also been introduced for higher risk loans whereby homeowners can pay up for ...

November 14th, 2017 | Reverse Mortgage, Jumbo Reverse Mortgage, private label reverse mortgage, HECM Reverse Mortgage, Jumbo Reverse Mortgages Take Center Stage

Private Label Reverse Mortgages vs. Government Insured Reverse Mortgage

Private label Reverse Mortgages have been slowly creeping across the country over the past two years.  There are some very key distinctions between the private label and the government insured HECM that are important to keep in mind. The government insured HECM Reverse Mortgage program has a growth factor that allows a homeowner’s available credit, based on the untapped portion of allowable equity, to grow and compound thereby providing retirees and seniors with increased levels of home equity access each year as they age.  The private label programs do not have a growth f...

November 18th, 2015 | Seniors, Retirement Planning, HECM Reverse Mortgage, Reverse Mortgage, private label reverse mortgage, growth factor, Private Label Reverse Mortgages vs. Government Insured Reverse Mortgage

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

Testimonials

Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.