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Why Sell Reverse Mortgages

Why Become a Generation Mortgage Reverse Mortgage Broker?

Because We Enrich Lives

Many mortgage brokers are discovering that selling reverse mortgages is a smart financial decision. As the population and the reverse mortgage industry mature, lenders are beginning to offer a greater variety of options to borrowers, in the form of both fixed and variable HECMs, with variations in interest rates, fees and other features. In light of this, more and more senior homeowners, aged 62 and older, are putting their home's equity to work for them safely and securely. These non-recourse loans allow seniors to stay in their homes and retain title without making monthly mortgage payments, as long as the borrower maintains the home and pays taxes and insurance on the property. Eligibility is based upon age of the youngest borrower and the amount of equity in their home.

What a Great Opportunity to Grow Your Business
With the aging of our population and the anticipated needs of mature Americans, now is a perfect time to add reverse mortgages to your product offerings. Research indicates that today, almost four out of five seniors own their homes. This means that there are approximately 27 million senior homeowners, and as the population ages, that number will rise. More than 34 million Americans are over the age of 65, and this number is expected to double in the next 30 years. The future looks bright for the Reverse Mortgage Industry.

 



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If you’d like to find out more about how Generation Mortgage is the right choice for you, please call:

Kimberly Smith
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