Value Financial Team closes America's First Fixed Rate Reverse Mortgage
Value Financial, Florida's most experienced Reverse Mortgage Lender, has closed the first Fixed Rate Reverse Mortgage in America.
(PRWEB) May 25, 2007 -- "Things are certainly changing" - a fundamental observation by Nelson A. Locke, CEO of Value Financial, as he reflected on what is most likely the first ever closing of a Fixed Rate Reverse Mortgage in America.
Mr. Locke reports that the the client received over $70,000 in cash benefits to use any way she wishes - certainly putting some gold back into her "golden years". She will never be required to make monthly mortgage payments and the home she loves so much remains in her name with substantial additional equity available for her future use.
Until today, most Reverse Mortgages were adjustable rate programs. They work quite well for most seniors, and there are certain safeguards built into them that protect the senior's estate. However sometimes a sense of uncertainty remains with some seniors who remember all too well the interest rate crisis of the 1980's. The new Fixed Rate Reverse Mortgage Program takes away most of that uncertainty and peace of mind has a definite value in this marketplace. The current fixed rate is below 7%, a number that surprises many uninformed financial professionals.
More information is available at www.valuefinancial.net. Interested seniors are urged to call (800) 760-5363 and investigate.
Value Financial's Reverse Mortgage expertise (and that of Mr. Locke) dates back into the early 1990s and this is but one more benchmark in their history. In 1996, Value closed the first Fannie Mae Home Keeper in the State of Florida. Since 1994, the company has helped thousands and thousands of seniors benefit from the peace of mind and financial security that a Reverse Mortgage can provide.
If you are a Florida based Mortgage Broker or Correspondent Lender, Value Financial has a great program that would enable you to offer Fixed Rate Reverse Mortgages as well as all the traditional adjustable programs. For more information, call Jon Gordon at (800) 760-4818. Value Financial welcomes inquiries about how your company might benefit from our experience and product mix.
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