Speak with a reverse mortgage expert if you are considering this type of home loan by calling 877-889-7474
Past News ReleasesRSS
Sacramento, California (PRWEB) December 14, 2014
The mortgage professional group run by Kevin Leonard has just wrapped up more commercials and webpages for reverse mortgages in Sacramento. The city has almost 480,000 residents according to the latest Census and 11.4% who are 65 years of age or older. This means there are plenty of individuals who may qualify for the Home Equity Conversion Mortgage or HECM reverse mortgage. The HECM is the only reverse mortgage insured by the U.S. Federal Government, and represents most of what all Sacramento reverse mortgage lenders offer. Back In 1987 Congress passed a reverse mortgage pilot program called the Home Equity Conversion Mortgage Demonstration. Since then millions of people 62 and older have received this type of loan and are able to stay in their homes without making a mortgage payment. To learn more about this type of loan or to use a reverse mortgage calculator to determine how much equity is needed to qualify visit, http://www.kevinleonardmortgageexpert.com/reverse-mortgage-sacramento-ca/
Sacramento has many communities for individuals 55 and older, which has some seniors considering doing a reverse purchase in Sacramento. The loan works like a refinance only the borrower has to put down a certain amount of cash, based on their age, most reverse mortgages that do a refinance range from 35 percent to 55 percent of the home's equity. There are many factors that go into a reverse purchase or a refinance and it is best to consult with a reverse mortgage specialist to discuss which program is right for the borrower. Mandatory counselling is also required when doing this type of loan to further educate the borrower. To view the newest video released by Mr. Leonard and his staff click here, https://www.youtube.com/watch?v=eEaL8n1xZ0U
Kevin Leonard entered into 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 real estate agents in San Diego for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To find out more about reverse mortgage lenders in Los Angeles, click on the link provided.
Phone: (877) 889-7474