As a Certified Reverse Mortgage Professional (CRMP), Chris Handy has the experience and knowledge to help you find the perfect reverse mortgage loan for seniors to increase your monthly retirement cash-flow and provide a funding source for home improvement projects. Chris has been in the reverse mortgage solutions business since 2001 and has focused on Reno reverse mortgages since 2005.
A Home Equity Conversion Mortgage (HECM, also known as a reverse mortgage) is a government-insured loan from reverse mortgage lenders. It was originally created by the Reagan Administration. Receiving bipartisan support, lawmakers wished to create Home Equity Conversion Mortgages so homeowners could utilize the built-up equity in their homes during retirement.
A Home Equity Conversion Mortgage (HECM, also known as a reverse mortgage) is a government-insured loan from reverse mortgage lenders. It was originally created by the Reagan Administration. Receiving bipartisan support, lawmakers wished to create Home Equity Conversion Mortgages so homeowners could utilize the built-up equity in their homes during retirement.
Services
At Geneva Financial, our mission is to approach every aspect of our business from the "inside-out." Reverse mortgage companies with a culture-forward mindset like ours focus on the support staff to ensure an unbeatable experience for the customers. Our core values were created as a daily reminder to operate with the inside-out approach in mind.
For wealthier homeowners, a Home Equity Conversion Mortgage (HECM) provides a tax-free source of capital that can be used for large ticket expenditures like buying an RV, purchasing a vacation or rental home, or helping a child or relative start a business. Compared to the tax-consequences of drawing money from a taxable retirement account, the outcomes and benefits of a reverse mortgage are often better with a Home Equity Conversion Mortgage.
A reverse mortgage is a type of loan for homeowners age 62 and older to convert their home equity into cash income with no monthly mortgage payments. The loan is called "reverse" because unlike making monthly payments to a lender, the lender makes the payments to the borrower. Reverse mortgages help retirees with limited income use the accumulated wealth of their homes to cover basic living costs.
A contract (usually designed by an insurance company) that provides cash payments in a specified period of time. The estimated amount of a home's value based on its characteristics and the market rate or market value in the area. A Reverse Mortgage Calculator is a tool that calculates how much money you could borrow with a Reverse Mortgage including information on interest rates, costs and more.
If you have any questions about our Reno reverse mortgage solutions or are unsure about which program is right for you, connect with us today! We are more than happy to answer any and all questions that you have. Privacy is very important to us and we never share or sell any of our information with anyone.
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