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Our Employees

reverse mortgages require no payments for life
We offer a guarantee for our customers.

I know it sounds too good to be true, but it is. 

 Use the money from your reverse mortgage for a vacation.

Shortly after I retired as a Special Agent from the United States Treasury Department in Hawaii in 2001, I learned about and started marketing HUD/FHA insured reverse mortgages called Home Equity Conversion Mortgages (HECMs). Established by Congress, the program allows you to borrow money against your home without having to make any repayments on it for as long as you live in it. If you have no mortgage, it pays you monthlyor provides a line of credit or both.

Make money from your home with a Reverse Mortgage

  • Borrowers must be 62 or older.
  • No income requirements. Based solely on age and home's value
  • No out of pocket costs. All closing costs are included in the loan
  • No Monthly payments for as long as one owner remains in the home.
  • It is paid off after you sell it or both owners pass away.
  • 100% remaining equity is paid to your heirs.
  • Low initial interest rate  for HECM with an average of 5.80% over the last 19 years.
  • Money from the loan is tax-free and can be used for any purpose.
  • Funds can be takin in a lump sum, as a line of credit or paid monthly.
  • HECM Insured and regulated by HUD/FHA 

Free Reverse Mortgage Quote and Consultation:

Request on behalf of:

*Name:

Address:
If you want us to check the value of the home against recent sales in your area please include the correct name of the property owner and address

City:

State:  California  Colorado

Zip Code:

Phone:

*Email:

Borrower Age: Spouse Age:

Value of Home: Mortgage Balance:

Comments/Questions?

 * indicates a mandatory field

 
 How Much Can I/We Get?

Congress recently lowered the cost of getting a HECM and the Stimulus Bill allowed HUD to raise the Maximum Loan Limit for HECMs to $625,500.  So, they cost less and you get much more.  The table below reflects approximately what you will receive from one using an estimated initial adjustable interest rate of 3.22% APR.  The rate and the amount you receive changes each Tuesday until you sign an application. For a fixed rate, unlike the adjustable, the interest rate is set at closing and requires you to take the full amount out at closing. To determine approximately how much you would receive from the more popular adjustable rate subtract your current mortgage balance and any liens from the amount opposite your home’s value and the age of the youngest owner. Be conservative as to your home’s value as they are falling in many areas these days. You can check your home’s values for free on-line at www.cyberhomes.com or www.zillow.com. Any amount left over after subtracting your existing mortgage or liens will be your remaining line of credit.  You can use it for any purpose at any time and no interest is charged on it until you withdraw part or all of it. You could even receive monthly payments.  Call 1 800-559-0608 for an exact amount.
Home Value Age 62 Age 66 Age 70 Age 75 Age 80 Age 85
$200,000 $109,000 $115,000 $122,000 $131,000 $140,000 $149,600
$250,000 $138,000 $146,000 $155,000 $165,500 $177,000 $188,600
$300,000 $167,000 $177,000 $188,000 $200,000 $214,000 $227,500
$350,000 $197,000 $209,000 $220,000 $236,000 $252,000 $267,500
$400,000 $228,000 $241,000 $244,000 $271,000 $290,000 $307,500
$425,000 $242,000 $257,000 $270,000 $289,000 $308,000 $327,000
$450,000 $258,000 $272,000 $287,000 $397,000 $327,000 $347,000
$475,000 $273,000 $288,000 $304,000 $325,000 $346,000 $367,000
$500,000 $288,000 $304,000 $329,000 $343,000 $365,000 $387,000
$550,000 $318,000 $363,000 $354,000 $378,000 $402,000 $427,000
$575,000 $333,000 $352,000 $370,000 $396,000 $422,000 $447,000
$600,000 $349,000 $368,000 $387,000 $413,000 $441,000 $467,000
$625,500+ $364,000 $384,000 $404,000 $432,000 $460,000 $487,000

 

 

     
      


     Chuck Banfe, President
     ReverseMortgageOne, Inc.



ReverseMortgageOne, Inc.

Corporate Office:
2840 Adams Avenue #307,
San Diego, CA 92116

Branch Office:
8636 W. 17th Street Drive
Greeley, CO 80634
(970) 330-5296

Phone: (800) 559-0608
Fax: (619) 330-2662
ReverseMortgageone@yahoo.com


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1 (800) 559-0608

Getting Started   |   Why Choose Us   |   Common Questions   |   Contact Us

California Financial Lender's License
#603 A944

Colorado Mortgage Broker License
#100026820

©2008 ReverseMortgageOne, Inc.
All Rights Reserved.

We are Proud to be a Christian Organization

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