My name is George Stewart and I have been a Reverse Mortgage Consultant in SC since 2002. If you are looking for a SC lender or just want information, I can help.
My goal is helping you understand how a reverse mortgage works, so you can make an informed decision that is right for you-either now or in the future. I will answer all your questions in a relaxed atmosphere with absolutely no pressure or obligation.
Call me for your Free Customized Reverse Mortgage Analysis.
What is a Reverse Mortgage?
A reverse mortgage is a loan that enables homeowners 62 and over to convert some of the equity in their homes, without having to sell the home, give up the title or take on a new monthly mortgage payment (principal & interest).
❖ Home Equity Loan that provides funds to borrowers based on age and home value
❖ Homeowners normally defer payment of the loan until they
● Pass away
● Sell or transfer title
● Permanently move
❖ Should Not affect Social Security or Medicare benefits
❖ May affect SSI and Medicaid (consult with appropriate government agency)
❖ Borrowers continue to be responsible for property taxes, homeowners
insurance, home maintenance and all property charges (HOA dues, etc.)
Borrower Eligibili ty
❖ 62 or older
❖ Own and occupy the property as the principal residence
❖ Complete a HECM Counseling session
Property Eligibility
❖ Single family homes
❖ 2-4 family dwelling
❖ FHA approved condominiums
❖ Manufactured housing that qualifies under FHA guidelines
❖ All properties must meet FHA property standards and flood requirements
❖ Must be the primary residence
A reverse mortgage is a loan that enables homeowners 62 and over to convert some of the equity in their homes, without having to sell the home, give up the title or take on a new monthly mortgage payment (principal & interest).
❖ Home Equity Loan that provides funds to borrowers based on age and home value
❖ Homeowners normally defer payment of the loan until they
● Pass away
● Sell or transfer title
● Permanently move
❖ Should Not affect Social Security or Medicare benefits
❖ May affect SSI and Medicaid (consult with appropriate government agency)
❖ Borrowers continue to be responsible for property taxes, homeowners
insurance, home maintenance and all property charges (HOA dues, etc.)
Borrower Eligibili ty
❖ 62 or older
❖ Own and occupy the property as the principal residence
❖ Complete a HECM Counseling session
Property Eligibility
❖ Single family homes
❖ 2-4 family dwelling
❖ FHA approved condominiums
❖ Manufactured housing that qualifies under FHA guidelines
❖ All properties must meet FHA property standards and flood requirements
❖ Must be the primary residence
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Free Analysis
Please contact me for a customized analysis with detailed estimates based on your particular financial situation. The information is personalized and based on the goals you would like to accomplish. At a Glance The analysis contains color pie charts and graphs which are tailored to your specifications and can help you easily understand how a reverse mortgage would work for you. SC residents will also receive a statement regarding the advisability and availability of independent information and counseling services on Reverse Mortgages. |
Customized Information Includes
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Reverse Mortgage Lenders
There are many reverse mortgage companies to choose from. Some of the largest reverse mortgage lenders use a centralized call center and the client may never meet with a loan officer face to face. Your information is often gathered over the telephone and an application is mailed to you or an appointment is arranged with a notary to attend the application signing.
My commitment is to meet with you personally if you decide to apply for a reverse mortgage loan. For your convenience, I will travel anywhere in South Carolina for a face to face application signing. I have over 16 years experience as a Reverse Mortgage Consultant and can walk you through the entire loan process every step of the way.
There are many reverse mortgage companies to choose from. Some of the largest reverse mortgage lenders use a centralized call center and the client may never meet with a loan officer face to face. Your information is often gathered over the telephone and an application is mailed to you or an appointment is arranged with a notary to attend the application signing.
My commitment is to meet with you personally if you decide to apply for a reverse mortgage loan. For your convenience, I will travel anywhere in South Carolina for a face to face application signing. I have over 16 years experience as a Reverse Mortgage Consultant and can walk you through the entire loan process every step of the way.
What is a HECM for Purchase?
A financing option specifically for home buyers who are age 62 and older that may help you 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. Click the HECM For Purchase button at the top of the page for more information.
A financing option specifically for home buyers who are age 62 and older that may help you 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. Click the HECM For Purchase button at the top of the page for more information.
Home
George Stewart
Reverse Mortgage Consultant NMLS 506558 (843) 771-3677 Office (843) 818-7676 Cell Advisors Mortgage Group LLC 242B Luden Drive Summerville, SC 29483 Branch NMLS # 2556464 |
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Copyright © 2023 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.
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.