1 / 5

What Is Hecm - Patriotlendingreverse

Wondering what is HECM? Reverse Mortgage Loans let you tap into the equity in your home and convert a portion of it into cash. Visit us at Patroit Lending for reverse mortgage loans, advices and other financial products.

nicholaspage201
Télécharger la présentation

What Is Hecm - Patriotlendingreverse

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Is HECM The Reverse Mortgage Line of Credit Is Here For You! Home Equity Conversion Mortgage or HECM, this product is for homeowners 62 years old and older. Visit us at Patriot Lending to know more about HECM and it's benefits.

  2. About HECM Also known as a Home Equity Conversion Mortgage (HECM), this product is for homeowners 62 years old and older. Reverse Mortgage Loans let you tap into the equity in your home and convert a portion of it into cash.

  3. WHO WE ARE Choosing the right lender can be the most important decision you make when looking for any financial guidance. Our company believes in making the financial process stress free and efficient. As our slogan states, “Honor and Trust” is paramount for us when assisting you in making important financial decisions. Patriot’s customers are our family and we look forward to helping you!

  4. REVERSE MORTGAGE OPTIONSAt Patriot Lending we offer different reverse mortgage options to fulfill your needs. HECM ANNUAL HECM Annual is a reverse mortgage loan whose interest rate adjusts only once a year, with a “lifetime cap” to ensure that your rate will never go beyond a certain percentage over the initial rate. In addition, there’s an “interval cap” that guarantees that the interest rate cannot increase by more than a certain percentage annually. And to help give you financial flexibility, you have the choice of taking the funds as a lump sum, monthly advances, a line of credit or a combination of these. HECM FIXED RATE With an interest rate that’s established at the loan closing — and fixed for the life of the loan — you always know exactly how much interest is accruing on the loan. However, with a HECM Fixed Rate, homeowners are required to take all of the money at closing in one lump sum. This may be a desirable choice if you’re using the HECM to pay off an existing mortgage or to cover other immediate needs. HECM FOR PURCHASE This product allows seniors to purchase a new home and obtain a reverse mortgage loan in one fell swoop. With this product you can relocate closer to family or downsize to a home more suitable to your needs. A HECM for Purchase can be used to acquire a one-to-four unit property where constructions has been completed and the property is habitable.

  5. For More Information Please Visit: https://www.patriotlendingreverse.com/

More Related