If you are at least 62 years old and own your own home, a reverse mortgage may be a useful financial tool. There are no limitations to how you use the money, so you can cover medical expenses, fund education for your grandchildren, or any other reason. With a reverse mortgage, you can access the equity in your home, without having to make monthly mortgage payments.
Our goal is to give you accurate information that is easily understood. Within these pages, you will find great content about the HECM (Home Equity Conversion Mortgage) and other financial programs available, as well as the general loan process. Please browse our website to see if there are options for you!.
Our goal is to give you accurate information that is easily understood. Within these pages, you will find great content about the HECM (Home Equity Conversion Mortgage) and other financial programs available, as well as the general loan process. Please browse our website to see if there are options for you!.
Services
We provide outstanding services to our clients, which really sets up apart from the competition. We are a direct lender and that structure allows us access to an array of options; this provides for better control of the total process and allows us to better guide you along the way. One of the more important aspects of being a Mortgage Loan Originator is to fully understand each client's unique situation.
American Pacific Reverse Mortgage Group (APRMG) was founded in 2005 as the Reverse Mortgage Division of American Pacific Mortgage Corporation. The purpose of APRMG is to serve the needs of the growing population of citizens 62 years and older. We have a dedicated team of experienced individuals with decades of combined experience.
A Reverse Mortgage is a financial tool, plain and simple. This tool, combined with your other financial strategies, can allow you to retire when you didn't think you could, or help you have the security of making your finances last throughout your retirement.
With an estimated 10,000 people turning 62 years old EACH DAY in the United States, there has never been a greater need for an additional financial tool to facilitate a stress-free retirement.This specific loan allows a homeowner 62 years or older to access the equity in their principal residence without taking on monthly mortgage payments.
With an estimated 10,000 people turning 62 years old EACH DAY in the United States, there has never been a greater need for an additional financial tool to facilitate a stress-free retirement.This specific loan allows a homeowner 62 years or older to access the equity in their principal residence without taking on monthly mortgage payments.
The reverse mortgage loan amount for a purchase is based on age, the lower amount of the sales price or appraised value, current FHA lending limits and current interest rates. The down payment for a Reverse for Purchase is calculated by using the sales price minus the reverse loan amount. Repayment of a loan for a Reverse for Purchase is deferred until the home is sold or the last borrower no longer occupies the residence as their primary home.
Reviews
Be the first to review American Pacific Mortgage.
Write a Review
