Austin, TX, March 6, 2014 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- Open Mortgage is giving back to seniors by offering a Reverse Mortgage Lender Credit of $300 at closing on any reverse program for applications taken during the month of April 2014. Reverse Mortgages are also known as Home Equity Conversion Mortgages, or HECMs.
Joe Morris, Senior Vice President of Reverse Lending at Open Mortgage, suggests, "For some homeowners, 62 and older, reverse mortgages may offer a substantially better quality of life and a good financial solution to age in place." Joe maintains a seat on the NRMLA (National Reverse Mortgage Loan Association) Board and has been helping seniors for several decades. Morris continues, "I remember closing my very first reverse mortgage many decades ago and how this incredible product helped my clients stay in their home and have a most improved quality of life in their golden years."
Reverse Mortgages may offer many benefits. Many seniors and their adult children explore their financial options with financial planners. Many of these planners have recommended that their clients and their families look into the advantages of the reverse mortgage.
Now is the time to ask a Reverse Mortgage Specialist at Open Mortgage how you can qualify for the $300 Special by filling out an application during April.
Each Reverse Mortgage (HECM) is unique and requires counseling from a third party, non-profit professional to guide homeowners through the process. In fact, our CEO, Scott Gordon has an excellent video on the entire Reverse Mortgage (HECM) loan process. Watch his video at www.openmortgage.com.
The Reverse Appraisal Special is offered nationwide in all 30 States that Open Mortgage has branches (State requirements for Reverse Mortgages may vary). Those interested may check our website at www.openmortgage.com and find the Branch nearest to your location. Our knowledgeable Reverse Loan Originators will guide you through this wonderful opportunity to save money, while improving your lifestyle.
* Details Of The Appraisal Special
- Loan must close and fund with Open Mortgage, LLC as the lender.
- Reverse Mortgage Homeowners 62 and older who own their own home
- Limited time only; applications taken from April 1 through April 30, 2014.
- FHA case number must be assigned to the file after application and third party, non-profit professional counseling
- Qualifying factors for Reverse (HECM) Mortgages: see our video on our website for details.
Media contact: Diane M. Creasy, Vice President Marketing
diane@corp.openmtg.com / 512-492-3352