info_outline
Unlocking Equity: The Reverse Mortgage Revelation
05/30/2025
Unlocking Equity: The Reverse Mortgage Revelation
Kristin & Aldo welcome seasoned Loan Officer Kathy Vasel of CrossCountry Mortgage into the studio to demystify the often misunderstood Reverse Mortgage. Find out how this loan product can help you take advantage of the equity you've built within your four walls. Get ready to leave this episode with a far greater understanding of how this convenient and completely underutilized program may suit your needs and lifestyle on this weeks episode of Real Estate On The Edge Kathy Vasel Senior Loan Officer CrossCountry Mortgage 44 Park St. Suite Andover MA Morgage Loan Officer NMLS #50076 Branch NMLS1951515 Tel: (978) 502-2998 A Home Equity Conversion Mortgage (HECM) for Purchase is a Reverse Mortgage that allows seniors, age 62 or older, to purchase a new principal residence using loan proceeds from the Reverse Mortgage. Reverse Mortgages are available to borrowers 62 and older. To obtain a Reverse Mortgage, you must attend counseling and receive a certificate of completion that will be required during the application process. Must meet financial assessment requirements and be responsible for monthly property charges such as property tax and homeowner's insurance or could be subject to foreclosure. Applicant must qualify based off age, equity, current balances, and other various factors. Restrictions may apply. This material is not provided by, nor was it approved by the Department of Housing & Urban Develpment (HUD), the Federal Housing Administration (FHA), or any other government agencies. All loans are subject to underwriting approval. Certain restrictions apply. Call for details. The opinions expressed within this podcast may not reflect the opinions or views of CrossCountry Mortgage, LLC or its affiliates. CrossCountry Morgage, LLC NMLS3029 NMLS50076 (). Equal Housing Opportunity.
/episode/index/show/14bc6bd4-d42a-4fb1-96c2-a0a60395e32f/id/36790535
