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Reverse Mortgage Charleston SC
First National Bank of PA George Stewart-Reverse Mortgage Consultant NMLS 506558 Call me if you are seeking a Reverse Mortgage lender serving Charleston, SC. from our branch in Summerville. 843-771-3677 or 843-818-7676 |
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Homeowner Responsibilities
You must be 62 or older to qualify and occupy your home as your primary place of residence.
Continuing home ownership responsibilities include:
* Your Property Taxes and Insurance
After getting a reverse mortgage it is your ongoing responsibility to pay your property taxes and Home Owners Insurance, plus any other property fees, such as condo and Home Owners Association fees.
* Your Property Maintenance
It will still be your responsibility to complete all repairs needed to your home.
* Your Property Occupancy Requirements
One of the requirements to this loan, is that you continue to maintain the home as your primary residence.
Speak with a Reverse Mortgage Consultant
If you don't speak with a specialist, how do you know if you are getting the most current information to base your decision on?
Make sure you talk with a Licensed Professional, that specializes in Reverse Mortgage Origination.
Questions to Ask your Loan Officer:
* Do you Specialize in Reverse Mortgages?
* Have you been specifically trained to advise about Reverse Mortgages?
* How long have you been originating Reverse Mortgages?
* Are you a member of NRMLA (National Association of Reverse Mortgage Lenders)?
You must be 62 or older to qualify and occupy your home as your primary place of residence.
Continuing home ownership responsibilities include:
* Your Property Taxes and Insurance
After getting a reverse mortgage it is your ongoing responsibility to pay your property taxes and Home Owners Insurance, plus any other property fees, such as condo and Home Owners Association fees.
* Your Property Maintenance
It will still be your responsibility to complete all repairs needed to your home.
* Your Property Occupancy Requirements
One of the requirements to this loan, is that you continue to maintain the home as your primary residence.
Speak with a Reverse Mortgage Consultant
If you don't speak with a specialist, how do you know if you are getting the most current information to base your decision on?
Make sure you talk with a Licensed Professional, that specializes in Reverse Mortgage Origination.
Questions to Ask your Loan Officer:
* Do you Specialize in Reverse Mortgages?
* Have you been specifically trained to advise about Reverse Mortgages?
* How long have you been originating Reverse Mortgages?
* Are you a member of NRMLA (National Association of Reverse Mortgage Lenders)?
Home
George Stewart
Reverse Mortgage Consultant
NMLS # 506558
(843) 771-3677
(843) 818-7676 Mobile
242B Luden Drive
Summerville, SC 29483
Reverse Mortgage Consultant
NMLS # 506558
(843) 771-3677
(843) 818-7676 Mobile
242B Luden Drive
Summerville, SC 29483
This material is not from, approved, or issued by the FHA, HUD, or any government agency. The content on these pages is for informational purposes only and is subject to change without notice. Please consult a professional for tax or financial advice.
A reverse mortgage is a home loan and not a government benefit. The borrowers must continue to own and occupy the property as the primary residence and are responsible for paying property taxes, homeowner's insurance, and property maintenance.
A reverse mortgage is a rising debt, falling equity loan. Negative amortization causes the loan balance to increase as accrued interest and fees are added. Failure to comply with the terms and conditions of the loan could trigger a loan default that results in foreclosure.
Subject to underwriting approval. Application is required and not all applicants will be approved. Full documentation and property insurance required. Loan secured by a lien against your property. Fees and charges apply and may vary by product and state. Terms, conditions and restrictions apply.
A reverse mortgage is a home loan and not a government benefit. The borrowers must continue to own and occupy the property as the primary residence and are responsible for paying property taxes, homeowner's insurance, and property maintenance.
A reverse mortgage is a rising debt, falling equity loan. Negative amortization causes the loan balance to increase as accrued interest and fees are added. Failure to comply with the terms and conditions of the loan could trigger a loan default that results in foreclosure.
Subject to underwriting approval. Application is required and not all applicants will be approved. Full documentation and property insurance required. Loan secured by a lien against your property. Fees and charges apply and may vary by product and state. Terms, conditions and restrictions apply.
Copyright © 2017 by George Stewart
All rights reserved. The author is solely responsible for this content and is not affiliated with or acting on behalf of any government agency.
All rights reserved. The author is solely responsible for this content and is not affiliated with or acting on behalf of any government agency.