All Reverse Mortgage Company® deals with the reverse mortgage need of the above 62 years and older borrowers. The company, fully owned by United Southwest Mortgage Corporation Inc., is an approved correspondent lender with the Department of Housing and Urbant Development (HUD). This means that the company has been allowed to offer the FHA Reverse Mortgage Program. All Reverse Mortgage Company® is also the member of the National Reverse Mortgage Lenders Association.
Every staff members of All Reverse Mortgage Company® are the expert on HUD reverse mortgage. Every one in the mortgage team has listed and sold mortgage loan programs directly to Wall Street and get the HUD insurance for them. The only goal for the company is to be the main source information of reverse mortgage for the customers.
Another advantage is that All Reverse Mortgage Company® pricing becomes more competitive than its competitors. This happens because the company can deliver to all reverse mortgage lender and can offer the borrowers the right program they need and require as an advantage. The company can get the best price for all the different reverse mortgage programs as the company has relationships with industry.
One of the biggest the lender company competitors is Wells Fargo Bank which is one of the nation’s largest banks. Wells Fargo Bank also does many reverse mortgages every years compared with any other lenders in the US. However, this will not make choosing Wels Fargo Bank as the right decision for reverse mortgage programs.
In the first place, All Reverse Mortgage Company® has the same HUD HECM and guarantee as Wells Fargo reverse mortgage. In fact, All Reverse Mortgage Company® has done several loans on properties on the condominium projects that denied by Wells Fargo Bank for the borrower that cannot be trusted by Well Fargo Bank. Furthermore, All Reverse Mortgage gives consistent lower origination fees, servicing fees, available margins, and fixed rates.
All Reverse Mortgage Company also provide the Reverse Mortgage Calculator that is a system that designed by Federal Housing Administration to provide hecm loan calculator. It will determine a senior homeowner to be eligible for the mortgage loan. In the company, the calculator is updated regularly and includes the recent program and reverse mortgage expected rates offered.