Learn more about reverse mortgages by speaking with an expert at (858) 999-3737
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(PRWEB) February 27, 2015
A new reverse mortgage informational page was just recently completed for FHA expert Kevin Leonard. The mortgage professional and his team are very active with reverse mortgages in Los Angeles. The latest reports from the end of December 2014 shows the HECM to HECM refinances were up, as well reverse purchases or better known as the HECM purchase. This figures indicate that more seniors are understanding the benefits of the Home Equity Conversion Mortgage and are choosing to use this type of senior home loan. Those that are 62 years or older and own their home with a good percentage of equity may qualify for a HECM reverse mortgage in Los Angeles. There are more guidelines that the applying senior has to qualify for, so those individuals that are interested should consult with a reverse mortgage specialist by clicking here.
According to Reverse Market Insight, Inc. the largest amount of HECM endorsements in California came from Los Angeles, San Diego and then Orange County in third place most units through December 2014. The mortgage experts working with Mr. Kevin Leonard are seeing 2015 off to a good start for the same types of reverse mortgages. The HECM purchase allows seniors to buy a house with a large down payment and then never have to make a mortgage payment, although the individual would still have to pay property taxes and insurance. The HECM to HECM refinance works similar to a traditional refinances it all depends on the refinance cost relative to the increase in credit line that is currently available on the HECM the senior has. Working with a reverse mortgage specialist in Los Angeles enables the senior to review various options and use the loan that best suits their individual needs. Revere mortgages are not a one size fits all, and is not the best loan for everyone, but for many it can make the difference of affording a comfortable retirement or not. Learn more about the growing number of Los Angeles reverse mortgages begin funded, and how they may benefit seniors by viewing, http://www.kevinleonardmortgageexpert.com/los-angeles-reverse-mortgage-lenders/
Kevin Leonard began in the mortgage business in 1997 and since then he has become one of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best San Diego real estate agents for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To find out about Los Angeles reverse mortgage lenders that offer the HECM product, click on the highlighted links provided.
Phone: (858) 999-3737