Reverse Mortgage Florida - Coupon for $0 Origination
If you are currently shopping for a reverse mortgage, you can get a coupon for a “No Origination Fee” Reverse Mortgage. Origination fees equal 2% of the value or max claim of your home in most cases so the savings ranges from $2,500 to over $7,000!
How could a company offer a discount this big?
1) Its a limited time offer to make more loans. This won’t last forever, once the target number of loans is made the offer will be gone. The coupon is good for 90 days, so once you fill out the coupon request you have 90 days to make a decision.
2) Cutting out the commission - instead of working with a sales person who works on commission you will work directlty with a salaried loan processor. This person isn’t going to sell you anything or convince you of why you should get a reverse mortgage, all they are going to do is answer your questions and process your paperwork.
3) Direct Lender - most mortgage brokers can only make money on reverse mortgages by charging an origination fee, as a direct lender the company can waive the origination fee and still make a money - it’s a win win for everyone.
4) The offer is only available in Florida - sorry other states.
5) Just fill out the coupon request here and a processor will be in touch with you. Remember this isn’t a sales person, this is an operations staff member. They don’t work on commission, if you want they loan they will help you get it, if you don’t they will move on to someone who does.
Click here for more information.
IMPORTANT - If you are a mortgage broker or loan officer who thinks this is too good to be true and want to “investigate” please do not call pretending to be an interested borrower (this happens a lot). You can call the corporate office at 904-270-2812, ask for Robert (me), I will be happy to explain the economic differences between brokering and being a lender. Who knows you just might land a new job, as a lender (FHA Full Eagle) we pay higher commissions than most mortgage brokers or net branch companies, we underwrite in 24 - 48 hours and are all around good people to work with.