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Eatontown Reverse Mortgages
Eagle Nationwide Mortgage Co.
FHA Reverse Mortgage Programs
Eagle Nationwide Mortgage Co., A subsidiary of Eagle National Bank offers a wide range of FHA Reverse Mortgage programs and services to help meet the needs of individuals 62 and over. Call Today!
Peter Rinnyk - Reverse Mortgage Specialist
Eagle Nationwide Mortgage
A Subsidiary of Eagle National Bank
1 Main Street, Suite LL-9
Eatontown, NJ 07724
Tel: 732-343-0340 | Fax: 732-377-8556
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About Reverse Mortgages in Eatontown, NJ.
If you are a resident of Eatontown, NJ. and are looking for a New Jersey Reverse Mortgage then please read on. Wheter you are looking for Eagle Nationwide Mortgage, in Eatontown, or another mortgage broker, this page contains information on the Eatontown reverse mortgage. Senior Reverse Mortgage Online is a national provider of reverse mortgages, and offers loans in each city across the state. We also act as A Reverse Mortgage Referral Service, so if you prefer to work with someone in your immediate area, you can do just that. You are welcome to contact the above specialist in your area. First, please read on for more information. Benefits and highlights of the Eatontown reverse mortgage are listed below.
A Reverse Mortgage is a federally-insured home loan that lets a homeowner convert a portion of the home's equity into cash. The equity can be paid to you, the borrower, in one large lump sum, in monthly term or lifetime payments, or be retained in an interest bearing account until the funds are needed. With a Eatontown reverse mortgage, unlike a traditional home equity loan or second mortgage, NO REPAYMENT of the loan is necessary, so long as the borrower lives in the home. This makes it a good source for More Retirement Income. Additional information on Eatontown reverse mortgages is listed below.
Eatontown Reverse Mortgage Requirements:
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Eatontown Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Eatontown Reverse Mortgage Loan Amount
The amount of a reverse mortgage loan is based on several factors.
- >> Age of the youngest borrower
- >> Value of the home
- >> How much is owed on the home (if any)
- >> Current interest rate
To learn more about reverse mortgages in Eatontown, NJ. please request a free Reverse Mortgage Quote online. There is no obligation, and the information is free. You may visit the following link to return to the Senior Reverse Mortgage home page.
