Archive for October, 2009

Retirement Living TV talks Reverse Mortgages

Massachusetts Rep. Barney Frank supports Reverse Mortgages

Michael Manfredi is an Arizona Reverse Mortgage Specialist

Reverse Mortgage Concepts

7310 N 17th Street #315

Phoenix, AZ 85020

(800) 507-2080

Reverse Mortgage Phoenix, AZ

Michael Manfredi has closed another Arizona reverse mortgage for Mr. and Mrs. Phoenix, AZ. The property consists of a custom home located on 2.5 acres in a suburban part of Phoenix. Due to the current economic conditions, at $410,000 the appraised value of the home is actually less than the cost to build this home new. The borrowers are releasing some of their equity in this home to pay for another home purchase with the cash they will receive from the reverse mortgage. They are buying the new home for their granddaughter who requires special medical care.

Phoenix Reverse Mortgage

Spot Condo Approval Process

Mortgage Concepts, LLC, Reverse Mortgage Lenders Division, has closed another reverse mortgage with Mr. and Mrs. Phoenix, AZ. The reverse mortgage was for a non-FHA approved condominium in the Biltmore area of Phoenix. The condo was approved with a spot condo approval process and the borrowers received $100,000 net. The money was used to pay off taxes and HOA fees and the balance will help the couple recover from the financial devastation of the loss of other investments.

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