https://youtu.be/ulr1_VzN9DU Is a reverse mortgage a ripoff? by Kevin Guttman Many folks ask "Is a HECM Reverse Mortgage a ripoff?". In years past reverse mortgages have had negative connotations and for good reason. Just like with any financial product, there is always room for scams. However, this loan product is highly regulated [...]
https://youtu.be/HhK6rzg1cUU FAQ Reverse Mortgage Heirs Responsibility by Kevin A. Guttman There is a myth that you will leave debt to your children if you take out a reverse mortgage. The truth is a homeowner or their heirs never owe a payment; A is never required with a reverse mortgage. As long as you continue [...]
https://youtu.be/uaOC_ZhNcpA Reverse Mortgage Move Out From Kevin A. Guttman A question I get asked frequently about reverse mortgages is what happens when I move. There are several options available to you when you decide to move out of your home, this video will teach you all of the details. Kevin A. Guttman - Reverse [...]
https://youtu.be/yovaRBOfgb8 What is HECM Reverse Mortgage Kevin Guttman What is HECM Reverse Mortgage? The Federal house authority's home equity mortgage conversion program Is a program designed for seniors age 62 or older who own their home and want to eliminate their monthly mortgage payment and possibly increase cash flow tax-free into retirement. With this [...]
https://youtu.be/WKntWpRSNQc Purchasing a home with a reverse mortgage from Kevin Guttman Can you use a reverse mortgage to purchase a home? Yes and it's a great way for retirees to save money and have no monthly mortgage payment other than property taxes, homeowners insurance, and maintenance. Just like other mortgage products qualification is required. [...]
https://youtu.be/eMn0vak_ngA Reverse Mortgage Living Expense Inflation by Kevin A. Guttman Studies show that many seniors have https://youtu.be/eMn0vak_ngAsaved enough for retirement to cover their living expenses but some haven't planned for inflation. In this video learn how to factor in inflation as homeowners and the opportunities that a reverse mortgage can offer you for successful [...]
A HECM reverse mortgage is a unique loan that allows homeowner(s) 62 years of age and older to draw on the equity in their home, which is paid to the homeowner(s) in a variety of payout options. One aspect of this loan is that it does not require repayment until the homeowner(s) no longer reside [...]
Homes eligible for a reverse mortgage include single-family homes, detached homes, townhouses, and two-to-four unit properties that are owner-occupied. Condominiums must be FHA-approved. Some manufactured homes are eligible but must meet FHA guidelines. Contact your loan officer for more details on manufactured home eligibility.
This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the Colorado Division of Real Estate; California Department of Financial Protection and Innovation, California Finance Lenders Law License # 603L442; Hawaii Department of Financial Institutions, Broker# HI-135622; Idaho Department of Finance, Broker license # MBL-9475; Kansas Office of the State Bank Commissioner; New Mexico Financial Institutions Division; Ohio Division of Financial Institutions, License # RM.804919.000; Oregon Division of Finance, DFR# ML-4917; Pennsylvania Department of Banking and Securities, license # 104755; Tennessee Department of Financial Institutions; Texas Department of Savings and Mortgage Lending; NMLS# 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the states of CO, CA, HI, ID, KS, NM, OH, OR, PA, TN, and TX.
C2 Financial Corporation has the ability to broker VA loans based on their relationship with VA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA. Texas Complaint/Recovery Fund Notice
Please call us or fill out the form so we can assist you with any questions or concerns you may have about the benefits of a reverse mortgage.
(719) 302-5820 or (877) 251-9709
