Reverse Mortgage (HECM) benefits and features:
(1) As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, maintenance, and any homeowners association (HOA) fees.
(2) This material has not been reviewed, approved or issued by HUD, FHA, or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.
(3) Borrowers who elect a fixed-rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable-rate mortgages.
New Venture Home Loans
New Venture Home Loans Preferred Payment Plan on select Jumbo Mortgages could reduce your interest rate by 0.250%.
Shorter turn times: New Venture Home Loans Jumbos don't have the long turn times of big banks.
Other requirements and conditions apply.