(PRWEB) July 11, 2012
Reputable BBB-accredited providers of reverse mortgage loans and related services, Senior Reverse Mortgage is pleased to offer several options to qualified homeowners. These options include two popular Home Equity Conversion Mortgage (HECM) services: the HECM Standard and the HECM Saver. The HECM Standard, the original HECM option, is still the best choice for seniors hoping to extract maximum equity value from their homes. The HECM Saver originated in 2010, and modifies the HECM Standard in several important ways; this loan provides smaller payouts (usually 10-18% less) but also charges a mortgage insurance premium (MIP) of only 0.01%, compared with 2% for the Standard. A third type of loan, HECM for Purchase program, is also available; this is intended to allow seniors to use a reverse mortgage loan to buy a new principal residence.
Senior Reverse Mortgage.com maintains a stable of top-notch mortgage specialists to find the best loans for the company’s clients. Clients have their choices from many disbursement options, including lump-sum and monthly advance arrangements. For clients who already have a reverse mortgage, the company can provide refinancing services.
To learn more about the services provided by Senior Reverse Mortgage.com, their website contains further information: http://www.seniorreversemortgage.com. The company can be contacted toll-free at (877) 221-0493. Free quotes are available upon request.
About Senior Reverse Mortgage:
With over 45 years of experience in providing customer service, Senior Reverse Mortgage.com is an A+ accredited member of the Better Business Bureau and a member of the National Aging in Place Council (NAIPC). The company complies with regulations laid down by the Federal Housing Administration (FHA).