Value Financial Mortgage Services, Inc., a Florida based Reverse Mortgage Lender, announced today that it has launched its new FIXED RATE REVERSE MORTGAGE program, with a fixed rate for the life of the loan and no monthly payments due, ever. This program was designed to help Seniors aged 62 and older.
(PRWeb) April 9, 2007 -- Value Financial Mortgage Services, Inc. announced the launch of a new FIXED RATE version of its Reverse Mortgage Freedom Plan (C).
With this new program, a senior home owner 62 or older can access their home equity and never have to make any monthly payments. The interest rate is fixed for the life of the loan. As long as the property remains their principal residence and certain other requirements are met the loan does not come due. It comes due at the senior's option -- usually because they sell, move away, or pass. The reverse mortgage benefits (cash) can be used for almost any purpose and most of the programs are federally regulated. They offer seniors a special "financial" peace of mind for life, without the stress of having to make monthly payments as would be necessary on a regular mortgage or home equity loan.
Value Financial created "Senior Money Matters" (C), a weekly pod cast featured on iTunes and at the Value web site -- which explains in plain English how these unique loan programs work.
Value Financial is a leading Reverse Mortgage Lender, and its CEO Nelson Locke is one of the country's most experienced Reverse Mortgage Experts. Since 1994, the Value Financial team has been assisting seniors obtain the benefits of reverse mortgage loans. That makes them one of the few firms in the Country with such depth of experience.
Important Trade Announcement: Value Financial has expanded its capacity to make reverse mortgage loans. Value seeks smaller Broker Shops and Lenders who would like to enter this lending niche without having to make a heavy initial investment in special licensing, staff, or warehouse capacity. To learn more about Value's newly enhanced correspondent program, contact Jon Gordon at (800) 760-4818.
Value Financial's web site and pod casts can be accessed at www.valuefinancial.net.
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