Need reverse mortgage

5 posts by 2 users
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Medium 1399315588 avatar jonk Jon Klaus
Investor from Garland, TX
8544 Posts
3566 Votes
18 Awards

Jon Klaus Verified Moderator Donor

Investor from Garland, Texas

Jan 25 '13, 09:53 AM


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


Medium 1399319639 avatar memphisinvest Chris Clothier
Investor from memphis, TN
1283 Posts
1064 Votes
15 Awards

Jon Klaus Verified Moderator Donor

Investor from Garland, Texas

Jan 26 '13, 03:41 AM


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


Chris Clothier Verified Donor

Investor from memphis, Tennessee

Jan 26 '13, 06:52 AM


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



Medium memphis invest logo 2015Chris Clothier, Memphis Invest, GP
Telephone: 901-751-7191
Website: http://www.memphisinvest.com


Jon Klaus Verified Moderator Donor

Investor from Garland, Texas

Jan 26 '13, 06:59 AM


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


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