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Forums » Real Estate Marketplace » Need reverse mortgage

Need reverse mortgage

5 posts by 2 users

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Real Estate Investor · Garland, Texas


Specifically looking for a HECM Saver for a borrower/property in the Dallas DFW TX area.


Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545
Website: http://www.facebook.com/Buttermilks


Real Estate Investor · memphis, Tennessee


I guess I could research it, but I would much rather hear from someone I knows has experience with the acronym. @Jon Klaus, what does HECM Saver mean?


Small_new_mi_logoChris Clothier, Memphis Invest, GP
Telephone: 901-212-9647
Website: http://www.memphisinvest.com
www.MemphisInvest.com 1(877)-773-9998 Chris D Clothier


Real Estate Investor · Garland, Texas


Home Equity Conversion Mortgage. It's the FHA insured reverse mortgage. The Saver version has less cost than the standard, but also has lower borrowing limits.


Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545
Website: http://www.facebook.com/Buttermilks


Real Estate Investor · memphis, Tennessee


Another example of high quality. With BiggerPockets.com, I know I have the opportunity to actually learn something new each time I get on the forums. @Jon Klaus, thanks for the answer. I am going to forward it to our team on the ground there in Dallas and see if there is anything we can do to provide what you need.

All the best to you -

Chris


Small_new_mi_logoChris Clothier, Memphis Invest, GP
Telephone: 901-212-9647
Website: http://www.memphisinvest.com
www.MemphisInvest.com 1(877)-773-9998 Chris D Clothier


Real Estate Investor · Garland, Texas


Thanks, Chris, There are few mortgage brokers/lenders that specialize in these, so the fees can be high. I'm wanting to shop for lower cost/good service. I appreciate your help!


Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545
Website: http://www.facebook.com/Buttermilks




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