Reverse Mortgage: Get the Money You Need for the Life You Want
You may have seen TV ads with famous celebrities telling you why you should learn about Reverse Mortgages. While the other guys have expensive endorsement deals, Cambria Mortgage has Jeff Flanery, one of THREE Certified Reverse Mortgage Professionals in the state of Minnesota. Read on for why you should meet with Jeff and the local team at Cambria Mortgage to teach you how to use a Reverse Mortgage to get the money you need for the life you want.
What is a Reverse Mortgage?
A reverse mortgage, or Home Equity Conversion Mortgage (HECM), is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that you’ve built up over years of making mortgage payments can be paid to you. However, unlike a traditional home equity loan or second mortgage, you don’t have to repay a home equity loan until you no longer use your home as your principal residence – and continue to meet the obligations of the mortgage. You can also use a reverse mortgage to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing.
Right-size Your Life
Not only can a Reverse Mortgage help you stay in your current home, it could also help you right-size your living situation. Using the Reverse Mortgage program, you can purchase a new home that fits your current lifestyle and still allows you to have no mortgage payment. This is a relatively new program, but our team is experienced and ready to help you use this program to your advantage.
Looking to the Future
If you have ever thought of taking out a reverse mortgage or are interested in learning more, now is the time. The best way to ensure you get the most out of your home is to contact Cambria® Mortgage™ today and be connected with our Reverse Mortgage team, including Jeff Flanery, our Reverse Mortgage Manager.
Meet Jeff Flanery, CRMP, Cambria Mortgage
Jeff Flanery is a true expert in reverse mortgages. He has been helping people transition to reverse mortgages for over 15 years. “My work is extremely gratifying, as I love helping people extend their nest eggs and live better in retirement,” he says. Since joining Cambria Mortgage more than six years ago, Jeff has earned the title of Certified Reverse Mortgage Professional (CRMP) for his competency and commitment to the highest ethical and professional standards. Bestowed by the National Reverse Mortgage Lenders Association (NRMLA) in Washington, D.C., this prestigious designation is reserved for an elite cadre of mortgage professionals who have completed a stringent set of requirements and passed a rigorous exam and background check.
Call Cambria Mortgage
To get started, call Cambria Mortgage at 952-942-0110 or visit CambriaMortgage.com. Our team of experts will provide personal, hometown service with sound advice and impeccable attention to detail at every step of the process.