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Brian Mahone

Serving Boston, MA, Providence, RI, Manchester, NH, Hartford, CT, Portland, ME, Vermont, South Carolina, and Florida

 

314 East Main Street - Norton, MA 02766
1 Windsor Cove, Suite 302 Columbia , SC 29223

 

What is a reverse mortgage?

A reverse mortgage is a home loan (used for any purpose) where seniors, 62 and older, can access the equity (cash) built up in their home.

There are several different reverse mortgage programs. Fannie Mae Home Keeper®, Jumbo Cash-Out loan, and the HUD-insured Home Equity Conversion Mortgage (HECM) are three such programs. As demand increases, more reverse mortgage programs from different organizations will become available.

It is called a reverse mortgage because you borrow money from a lender, but the lender makes monthly payments to you, rather than you making monthly payments to the lender. All interest is paid at the end of the loan, rather than in the beginning.

What are some of the benefits of a reverse mortgage?

  • Strengthen your personal and financial independence.
  • Help pay for health care or other needs.
  • You can never lose your home in foreclosure as long as you maintain the property tax and insurance payments.
  • The loan is only paid off when the house is sold by you or your heirs, or all borrowers move out of the house.
  • Keep your Medicare or Social Security benefits.
    Use it as a credit line and draw upon it as needed.
  • Get all your cash right away.
  • Get the best of both—get cash now and have a balance in reserve to use as a credit line.
  • No Income Requirements: The homeowner does not need to be working and is not qualified based on income.

A strong and genuine belief in the "customer for life" principal of doing business is what fuels Mortgage Advocates. Referrals from previous customers and local real estate professionals, finanical planners and other professionals have always delivered the majority of the Company's production. Also our very satisfied customers refer their contacts to us because we get results and impress them while we do it!

We use the most advanced technology available to close loans quickly, at a low cost. By combining the use of the Internet along with advanced processing software and automated underwriting systems we have taken the mystery out of approving and closing a homeloan.

We have been helping homeowners since 1995! Brian Mahone & Carl Sylvester have always believed that happy employees are the key to great customer service. We hire quality people who really want their clients to better themselves through any assistance we can offer. Our "get it done" attitude has proven to be a quality ingredient in the growth of the company and why so many of our borrowers return to us. We also specialize in helping people with credit troubles get back on the right track through our 2 & 3 step programs.

Every mortgage company has "Loan Officers." The problem is, you don't know if they were selling cars yesterday and today they are handling your biggest financial investment! We pride ourselves on offering professional teams of people who know the business! They provide you with the quality consultation that you can count on to make proper decisions for your family.

The United States Department of Housing and Urban Development (HUD) has authorized Mortgage Advocates through the Federal Housing Administration (FHA) to provide Reverse Mortgages for Senior Americans 62 and older.

Mortgage Advocates is also a member of the National Reverse Mortgage Lenders Association (NRMLA), which provides a Code of Conduct that we agree to observe when working with the senior community and their families. 

To get your FREE REVERSE MORTGAGE evaluation please call TOLL FREE 1-888-543-5400.

We will educate you on the entire process and make it very easy for you to learn about the benefits your home can provide.

 

 

WEB SITE: http://www.mortgageadvocates.com/reverse_mortgage.html

 

Contact

Please contact us at:

314 East Main Street - Norton, MA 02766
Email: bmahone@mortgageadvocates.com
Contact Phone: 1-888-543-5400

Mortgage Advocates
1 Windsor Cove, Suite 302
Columbia , SC 29223
877-736-6288
Larry Reed, Manager


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