Speak to a reverse mortgage expert if you are considering this type of home loan in Santa Rosa CA
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Santa Rosa, CA (PRWEB) December 11, 2014
Reverse mortgage lenders in Santa Rosa CA are going to have some steep competition. A new marketing video and webpage was recently released by Kevin Leonard and his team of real estate and mortgage professionals. The team has been marketing cities promoting various home loan products. Because the area of Santa Rosa California has seen a rise in reverse mortgage applications, the group focused their attention on the city. A reverse mortgage is for seniors that are 62 years or older and live at the property as their principle residence. The older the applicant is, and the more equity in the property, the more cash that will be available. The most popular reverse mortgage is the HECM or Home Equity Conversion Mortgage and is currently the only reverse mortgage insured by the U.S. Federal Government. To find out more about the reverse mortgage Santa Rosa CA YouTube commercial or to view the new webpage visit here, http://www.kevinleonardmortgageexpert.com/reverse-mortgage-santa-rosa/
Deciding if a reverse mortgage in Santa Rosa is the right choice for a senior homeowner depends on many factors. There are some alternatives if the person qualifies, if they are looking to consolidate debt they may be able to take out a home equity loan. Or the person may choose to sell the home and take the proceeds from the sale and buy a less expensive home. But the reason many individuals choose to do a reverse mortgage in Santa Rosa is that they are able to stay in their home without making any payments. There is no credit check and no income requirements for these types of home loans, which make them much easier than a traditional loan. Borrowers can choose between the fixed product or the variable product, they can have one lump sum payment or they can choose to receive monthly payments, or a combination of both. All seniors that apply for a reverse mortgage must attend counseling, at which time the senior will learn all about the loan and if any alternatives are a better choice. To receive a reverse mortgage quote from an expert for this type of product contact the number listed.
Mr. Leonard started in the mortgage industry back in 1997, and has become one of the top mortgage consultants in the business, and has earned national acclaim for his efforts. Kevin Leonard prides himself in offering constant communication and updates with his clients so that they have a full understanding of the home loan process from beginning to end. Mr. Leonard is personally responsible for thousands of residential loan 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 mortgage originator. He provides Home Equity Conversion Mortgages for seniors and is a reverse mortgage expert. Mr. Leonard continues to have many referrals for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To discover how reverse mortgages in Santa Rosa CA work click on the highlighted link.
Phone: (858) 999-3737