Jumbo Proprietary Reverse Mortgage Product
This reverse mortgage product is designed especially for senior homeowners with substantial home equity or higher-valued homes
Amount borrower can receive depends on the appraised market value of the home and age of the senior homeowner(s)
The Benefits of a Jumbo Proprietary Reverse Mortgage
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Provides the borrower with a higher available loan amount compared to other reverse mortgage products.
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No maximum home value.
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Introductory lower interest rate for first 6 months.
Cash Out Option
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Origination Fee is waived if the borrower draws out 100% at closing.
- Borrower must withdraw 100% of the available loan amount at the closing. Initial loan amount available must be a minimum of $275,000.
Interest Rate
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Adjustable interest rate tied to “LIBOR” London Interbank Offered Rate index plus margin.
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All products have an interest rate cap.
Info@SimpleRMSolutions.com