Find out more about the HECM for Purchase in Los Angeles by speaking with a reverse mortgage specialist
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Los Angeles, California (PRWEB) January 15, 2015
Mortgage bankers and brokers that specialize in reverse mortgages in Los Angeles receive more opportunities to service their local clients. The website designed for senior citizens that supplies important information and data about the HECM reverse mortgage has a new marketing drive promoting the HECM purchase or reverse purchase. The HECM for Purchase allows seniors, age 62 or older, to purchase a new principal residence using loan proceeds from the reverse mortgage. The purchase loan is available for one to four unit properties, as long as the properties are deemed habitable. Any homes that have serious structural or cosmetic damages may not qualify for this type of loan. Senior Bank Services explains in the new HECM for Purchase marketing campaign that speaking with a licensed mortgage specialist to explain the process is the best option for interested seniors. To find out more about a reverse purchase in Los Angeles click the mortgage expert featured here, http://www.kevinleonardmortgageexpert.com/reverse-mortgage/
The HECM reverse purchase is popular because it allows the senior the ability to purchase a home and never make monthly mortgage payments. The amount the individual has to put down on the property is based on the person’s age along with other qualifying factors. The website recommends that interested seniors receive a no cost consultation with a FHA approved lender in Los Angeles to explain the product thoroughly. The website will continue to promote this product through its social media channels and video commercials. The site believes that providing all the information available about this type of purchase loan will help seniors in making an informed decision. To view one of the promotional videos that displays basic reverse mortgage facts visit, https://www.youtube.com/watch?v=8i4lEWemcV4
About the Company: SeniorBankServices.com is a nationwide reverse mortgage information website that offers reverse mortgage information and connects prospective clients to qualified licensed reverse mortgage brokers and lenders to homeowners in Los Angeles California and throughout the United States. The company and its partners follow all rules and regulations regarding reverse mortgages. To learn more reverse mortgages in Los Angeles, or any other loan product, visit the company website.
Phone: (888) 217-6222
Contact: Mason Baxter