How low will they go? Live Well Financial is offfering the lowest fixed rate HECM option in the business at 4.99%. This comes one day after Financial Freedom announced a low ball 5.39%, cutting deeper into the industries recent 5.49% adjustment. For more information please email or call me.
Michael Manfredi is an Arizona Reverse Mortgage Specialist
7310 N 17th Street #315
Phoenix, AZ 85020
(800) 507-2080
Reverse mortgages are quickly becoming an important part of the residential mortgage lending business. Reverse mortgages are more widely accepted by consumers, industry professionals and regulators today because of the successful track record they have achieved, specifically in the last few years. If you are a residential mortgage lender and you have not yet capitalized on this niche market or have not yet found a way to make the reverse mortgage program work for you, chances are, you will benefit by some of the services I offer to lenders who may be interested in entering the market and signing up for reverse mortgage sales training.
Free Reverse Mortgage Publications are available from Reverse Mortgage Concepts by following these links. You can view and read or print the publications and distribute them to friends and family. If you have any questions, please call me to discuss, thank you! (800) 507-2080
NRMLA publications:
AARP publication:
National Council on Aging publications:
If you are a home owner in the process of applying for a reverse mortgage, take my advice and ask the lender for a discount. I have been in the reverse mortgage business for almost ten years now and I’m still amazed to see customers being charged full retail lender fees. I have been repeatedly contacted by customers of Wells Fargo Bank and others who have decided to shop around before closing their loans. They are usually shocked to find that I can offer most customers SUBSTANTIAL discounts on fees. This is money that would end up being paid to the bank as an origination fee and then added to the customer’s loan balance at closing. My discounts go right into the customer’s pocket keeping the overall closing costs lower and the beginning loan balance lower as well.
Michael Manfredi is an Arizona Reverse Mortgage Specialist
7310 N 17th Street #315
Phoenix, AZ 85020
(800) 507-2080
Posted in Reverse Mortgage 
Tags: AARP, Arizona, FHA, LLC, Mortgage Concepts, LLC, reverse mortgage lender 
No Comments »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.
Posted in Arizona Reverse Mortgage, Reverse Mortgage Tags: Arizona, FHA, spot condo approval No Comments »Mortgage Concepts, LLC is proud to offer Reverse Mortgage products through many national wholesale lenders. We offer Jumbo Reverse Mortgages, Low Fixed Rate and Adjustable Rate HECMs, Reverse Mortgage for Purchase loans and traditional FHA mortgages of all kinds.
Michael Manfredi is the CEO of Mortgage Concepts, LLC and the author of Reverse Mortgage Concepts.
7310 N16th Street #315
Phoenix, AZ 85020
800-507-2080
