Did you know that borrowers in need of a second-position reverse mortgage can skip the hassle of providing income documentation if they have a middle credit score of at least 720?

HomeSafe Second is the only product in the reverse mortgage industry.  It’s a second-lien reverse mortgage product ideal for borrowers for a variety of reasons:

• Allows a borrower to keep their existing low interest rate first lien mortgage
• Satisfies the need for additional tax-free cash in retirement years
• Comes with a fixed rate which makes it a more attractive option than most traditional HELOC’s, which are primarily adjustable rate loan products with a cap on the borrowing period of 10 years
• Offers borrowers with good credit (720+) the ability to save time by skipping the income documentation review process, which translates to a fast closing!

Contact me today if you’d like more information on the HomeSafe Second product or would like to run some scenarios for your potential borrowers.