If you are unsure where to start in the process of buying a home give me a call. I will gladly answer any questions or help you start by pre-qualifying you to know how much of a mortgage loan you can obtain.
Feel free to call my cell phone during the day, in the evening or even on the weekends. I am here to help get you started on the right path towards owning your own home!
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VA, FHA, USDA, Agency
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation.
The calculations do not infer that the company assumes any fiduciary duties.
US Mortgage Corporation offers a variety of Loan Products so that we can find the optimal loan solution for our clients and their budgets.
REFINANCE MY LOAN
- To reduce their monthly mortgage payment
- To reduce the time of their loan from a 30 year to a 15 year mortgage
- To switch from an adjustable rate to a fixed rate mortgage
- To consolidate two mortgages into one
- Pay off high interest credit cards
- Pay for a child’s college education
- Fund a retirement account
- Cover the cost of a major purchase or home improvement project
- Use the cash to buy other properties as a second home or investment
A reverse mortgage is a home loan that allows seniors to receive cash payments against the value of their home equity. It’s called a reverse mortgage because instead of you making payments on the loan, you receive cash payments from the wealth you’ve amassed in your equity.
What is a Reverse Mortgage Like?
A reverse mortgage is an excellent solution for seniors with moderate to high equity in their home who need some extra cash or financial relief without any credit requirements. The loans are available only to homeowners, at least one of whom is 62 years of age and older, and provide a number of benefits, including:
- paying off a current mortgage, should you have one
- allowing seniors to live in their home without making monthly mortgage payments *
- providing tax-free ** money for any use
- ability to pay monthly bills and live comfortably
- providing relief from medical bills and debt
- providing cash for remodeling or home renovations
- Retaining ownership of your home. *
Reverse Mortgage Options and Obligations
Reverse mortgages allow homeowners to access their equity in several ways. You can receive money as a lump sum, a line of credit, a monthly payment, or any combination of the three depending on the loan program that you choose. You retain the title to your home, and you are responsible for all property taxes, insurance costs, and home maintenance—all of which can be paid out of cash secured by the loan.
For homeowners’ protection, reverse mortgages are designed so you cannot owe more than your house is worth. The loan itself does not come due for as long as you live in the house as your primary residence and as long as you keep your property taxes and insurance up to date while keeping the home adequately maintained.
US Mortgage Corporation offers three different Reverse Mortgage (HECM) options:
- HECM Fixed
- HECM Line of Credit
- HECM for Purchase.
* – Homewoner is responsible for property taxes, insurance and maintenance
** – Please consult with a financial adviser
Want to learn more about a Reverse Mortgage (HECM)? Speak with a Licensed Loan Officer.
Call Today 1-800-LOANS-15 (1-800-562-6715)
We pride ourselves on providing superior customer service and creating satisfied customers. We work hard to satisfy the mortgage needs and exceed the expectations of our customers. Our approach to fulfilling our client’s needs has enabled us to maintain an A+ Rating with the Better Business Bureau (BBB) and a 5 Star Rating as a Mortgage Lender with Zillow.
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