A reverse mortgage loan can be hugely beneficial, especially if money is tight and you happen to be a homeowner over the age of 62. In such a case, a reverse mortgage loan can allow you to take a loan against the equity you have in your home, which means that instead of paying home mortgage payments every month, you’ll be provided with a payment every month. If you’re thinking about applying for a reverse mortgage loan, then you’ll want to find a reverse mortgage loan advisor that can provide professional guidance.
Using a Reverse Mortgage Loan Advisor
There are a lot of reverse mortgage lenders out there. However, instead of going straight to a lender, you should speak with a professional reverse mortgage loan advisor. Lenders are going to want you to choose their services — and not all lenders are credible. A good reverse mortgage loan advisor can help to:
- Find credible lenders – A good advisor will not only find a credible lender, they will find a number of different options for you to consider based on your specific needs.
- Provide pressure-free guidance – One of the challenges that may borrowers face when they go to visit lenders is the pressure they feel to choose that particular lender. A reverse mortgage loan provider will provide you guidance in a press-free environment, which means you can turn down any lenders that they suggest or even choose not to take out a reverse mortgage loan once you’ve obtained all the information you need.
- Provide resources and information – A reverse mortgage loan advisor will be able to help you with any questions you have about getting a reverse mortgage loan.
Choosing a Reverse Mortgage Loan Advisor
There are few reverse mortgage loan advisors in the area with the level of expertise or experience that Jeffrey Beattie has here at Alliance Mortgage Group. Jeff has over 30 years of experience in the mortgage loan industry and has served on the CoAMP (Colorado’s Mortgage Broker Association) Board of Directors as their Education Chair and has a master’s degree in Business Administration. He values personal attention and easy access, which means securing a face-to-face meeting at his office or at your home will be quite easy.
Make sure that you get all the information you need about applying for a reverse mortgage loan and that you find a reverse mortgage lender that meets your needs by contacting us at Alliance Mortgage Group today.