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Mt. Pleasant, SC Reverse Mortgage Information

​Please contact me if you are seeking a Reverse Mortgage lender serving
​Mt. Pleasant, SC

October 2017 Update
Mortgage insurance premiums and principal limit factors have changed.  Please contact me for complete information.
Local
My name is George Stewart and I have been serving Mt. Pleasant as a Reverse Mortgage Consultant since 2002. I work for the Reverse Mortgage Division of First National Bank of PA in the local Summerville office. 

Experienced
I have been a Reverse Mortgage loan specialist for 15 years and cover the entire state of South Carolina including Mt. Pleasant. Consultations are free and available by telephone or in person. Experience should be a major consideration when choosing among reverse mortgage lenders in Mt. Pleasant.
 
Specialist
Reverse Mortgage lending is my full time profession and I don’t originate any other mortgage products. My specialty is the federally insured Home Equity Conversion Mortgage (HECM).

Convenient
We can meet  in the comfort and convenience of your home if you decide to apply.
​No matter where you live in SC- I still make house calls.

No Pressure
 I believe in a consumer education process and not a hard sell. My approach is low key, without pressure, and you can take all the time you want to make a decision.

Options
A Reverse Mortgage loan is a complex financial transaction. It might be wise to consult a specialist to review its many features and get the facts. I am an experienced loan officer who can help you to ascertain your options and convey how a Reverse Mortgage might apply to your specific circumstances.

Reverse Mortgage At A Glance

A home loan that allows you to access some of the equity without having to make monthly principal and interest payments.

Minimum Borrower Requirements:
  • 62 or Older
  • Own and Occupy the Home
  • Complete HECM Counseling
Minimum Property Requirements:
  • Must be your Principal Residence
  • Meet HUD Guidelines
Borrower's Continuing Responsibilities
  • Own and Occupy Home as your Primary Residence
  • Pay Property Taxes
  • Homeowners Insurance Coverage
  • Home Maintenance​
Please click the buttons for detailed information.
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​Your Goals
My purpose is to find out what you want to accomplish and to completely answer any questions you have. I am a good listener and will try to pick up on your concerns and make a Reverse Mortgage easy to understand. 

Personalized Information
You can receive a free customized  information packet based on your individual goals and circumstances. 


Straight Talk
The ultimate objective is to build a relationship by being straightforward and not promising things I cannot do.
That includes discussing both the pluses and the minuses of a Reverse Mortgage so you can make an informed decision that’s right for you.

  The Process

  • Initial Inquiry
  • Counseling
  • Application
  • Appraisal
  • Processing
  • Underwriting
  • Closing 
  • Funding​

​The Reverse Mortgage Process
The typical process is outlined on the left. Not all loans are approved and funded. Please click on the details button for more information.

HECM for Purchase
HECM for purchase is a financing option specifically for home buyers who are age 62 and older.  It may help you use a Reverse Mortgage to get the funds you need to buy the home you want.

It enables you to purchase a home by combining a one-time investment of funds with the loan proceeds from a HECM to complete the transaction. The home you are purchasing secures the loan.


Reverse Mortgage Lenders Mt. Pleasant, SC
Thank you for visiting my website. I hope you will consider me when deciding between lenders in Mt. Pleasant.

Please call me at 843-771-3677 for information or click the buttons below.