Plano, TX (PRWEB) November 09, 2012
VanDyk Mortgage, a leading team of experienced mortgage professionals and financial advisors in Plano, Texas, has recently given seniors new key information about a Home Equity Conversion Mortgage loan, also known as a reverse mortgage, which allows them to stay in their home while enabling them to access a portion of their home's equity in the form of monthly payments for life or a fixed term, a lump sum or through a line of credit.
In a reverse mortgage, people receive money from the lender, and generally don't have to pay it back for as long as you live in your home. The loan is repaid when there is a death, a home is sold, or when a home is no longer a primary residence. The proceeds of a reverse mortgage generally are tax-free, and many reverse mortgages have no income restrictions.
Before applying for a reverse mortgage, applicants must meet with a financial counselor, who is required to explain the loans costs and financial implications, and possible alternatives to a reverse mortgage. At VanDyk Mortgage, knowledgeable reverse mortgage consultants are always available to answer questions regarding a reverse mortgage, including questions regarding borrower requirements, property requirements, financial requirements and costs.
"At VanDyk Mortgage, we have an A+ Rating with the Better Business Bureau. Our goal is to exceed your expectations in providing a truly no-hassle experience and a timely close," said Julie Post of VanDyk Mortgage. "We will work with you to find the best possible financial solution with your best interests at heart." For complete information about a reverse mortgage and all VanDyk Mortgage services and financial solutions, visit their website at http://vandykhomelendersdfw.com or call (214) 699-1925.
About the company:
VanDyk Mortgage, located in Plano, TX, is a National Mortgage Banker established in July, 1987. Throughout their history they have served thousands of clients and funded billions in loans.
People are the key in everything they do. Their goal is to create loyalty and long-term relationships with our customers, referral partners and our employees. At VanDyk Mortgage, they pay attention to the needs of the people they serve and strive to take the uncertainty and stress out of the home financing process. For more information, please visit their website at http://vandykhomelendersdfw.com.