Title: Reliable Reverse Mortgage Lenders | PierPoint Mortgage
1Reliable Reverse Mortgage Lenders
By PierPoint Mortgage, Stamford, CT
2Your Guide to Reverse Mortgage
DISCUSSION OUTLINE
Overview Reverse Mortgage Types of Reverse
MortgagesSelection Reverse Mortgage Features How
Reverse Mortgages Work Why Should You Choose
Pierpoint Mortgage
PierPoint Mortgage 2022
3Overview
Handling financial hardships can be complicated
for senior citizens. However, a reverse mortgage
can be a viable solution. Its ideal when you
need regular financial aid during your golden
years. With reverse mortgage loans, you can
convert part of your homes equity into cash to
manage a range of expenses such as Paying for
medical expenses Money to pay off your existing
mortgage Increasing your financial stability Or
paying any additional monthly bills A reverse
mortgage program enables applicants to generate
cash inflow without selling the house. So, if
you are struggling financially and considering
applying for a reverse mortgage, Pierpoint
Mortgage is here to help you!
FROM PIER POINT MORTGAGE, STAMFORD, CT
PierPoint Mortgage 2022
4ABOUT
PIERPOINT MORTGAGE, STAMFORD-CT PIERPOINT
MORTGAGE, LLC, WAS FOUNDED IN 2003 AND HAVE BEEN
OFFERING BRILLIANT SERVICES EVER SINCE.
PIERPOINT MORTGAGE IS A NATIONWIDE MORTGAGE
BROKER THAT HAS OVER 50 YEARS OF MORTGAGE
EXPERIENCE. ADDRESS PIERPOINT MORTGAGE (POB
579) 680 E MAIN STREET 559 STAMFORD, CT
06901 475-224-2122
5What is a Reverse Mortgage?
In a reverse mortgage, older homeowners receive
installments from the reverse mortgage lender,
contrary to traditional home mortgages as the
homeowners already own the house. Thus, it
allows homeowners to withdraw a portion of their
homes equity. It is specifically meant for
senior residents, typically 62 years of age or
older. These allow senior homeowners to manage
their expenses after their retirement by
borrowing money using their home as security for
the loan.
PierPoint Mortgage 2022
6TYPES OF REVERSE MORTGAGES
THERE ARE THREE TYPES OF REVERSE MORTGAGES YOU
CAN CHOOSE FROM Home Equity Conversion Mortgages
(HECMs) Proprietary reverse mortgages
Single-purpose reverse mortgages Although there
are various types of reverse mortgages available
in the market, Home Equity Conversion Mortgage
(HECM) is the most popular one. At PierPoint
Mortgage, our experienced lenders will explain
the different types of reverse mortgages and
help you find the best one as per your needs
7Reverse Mortgage Features
Before you apply for a reverse mortgage, you
should know why it is the ideal choice for you.
NO NEED TO PAY MONTHLY MORTGAGE PAYMENTS. NO
INCOME OR CREDIT CHECK IS REQUIRED. IF YOUR
HOME'S VALUE INCREASES SINCE YOU TOOK THE LOAN,
YOU CAN EXPECT TO GET ADDITIONAL PROCEEDS BY
REFINANCING YOUR REVERSE MORTGAGE. IF YOUR
HOME'S VALUE DECREASES WHEN YOU DIE WHILE THE
LOAN BALANCE ACCUMULATED IS MORE, YOUR HEIRS
WON'T NEED TO PAY THE DIFFERENCE. THE BORROWER
RETAINS TITLE/OWNERSHIP OF THE HOME.
PierPoint Mortgage 2022
8HOW REVERSE MORTGAGES WORK
- Whether you choose home equity conversion
mortgages, a proprietary reverse mortgage, or a
single-purpose reverse mortgage, the process at
PierPoint Mortgage is pretty straightforward.
Simply follow these steps - Consult with a reverse mortgage expert to find
the right mortgage option. - Submit your application for the loan.
- The lender usually reviews the borrowers
property, home title, and appraisal value.
Additionally, they may also check your credit
history. - If you meet the required criteria, the loan will
be approved. - Borrowers can choose whether they want to receive
the reverse mortgage proceeds as a lump-sum
payment, fixed monthly payments for life, or a
line of credit.
9Why Should You Choose PierPoint Mortgage?
Hiring a trustworthy and reliable mortgage lender
is crucial as there are also a few fraudulent
lenders who may want to scam you. So, dont get
pressured into any reverse mortgage scams.
Instead, take your time collecting accurate
information from the best reverse mortgage
lenders at PierPoint Mortgage.
We are a trusted and reputed name in the mortgage
industry with an extensive track record of
satisfied borrowers. If you are a reverse
mortgage borrower, you can enjoy the following
benefits when you choose our services Streamlined
Loan Services Secure Loan Process Fully
Licensed Professionals Variety of Loan Options
10Thank you!
WE LOOK FORWARD YOU.
PIERPOINT MORTGAGE (POB 579) 680 E MAIN STREET
559 STAMFORD, CT 06901 WWW.PIERPOINTMORTGAGE.COM
475-224-2122 frontdesk_at_pierpointmortgage.com Foll
ow Us on