Reverse Mortgage Group Provides HECM Saver for Senior Home-Owners

Nov. 4, 2010 - PRLog -- Reverse Mortgage Group is a trusted name in reverse mortgage industry that keeps their existing and potential clients updated with latest information on their website. In the latest release of HUD (Department of Housing and Urban Development), a new product called HECM (Home Equity Conversion Mortgage) saver has been launched to relieve the senior homeowners with financial liabilities.
HECM saver has mortgage insurance premium of only 0.01% of the property’s value which is extremely low in comparison to the currently existing HECM standard of 2% of the property value. The loan amount has been reduced to 10% to 18% than that of a HECM standard. This lower principal limit has decreased the risk to the FHA insurance fund; which is turned into a benefit for senior borrowers.
“We understand the power of reverse home mortgage loan that can make a big difference for senior homeowners by providing financial peaceful of mind to fulfill all their dreams at this age. Therefore, we make sure that all the latest news is made available on our website. Moreover, our experts provide you with comprehensive assistance for helping you to understand the benefits associated with it. We are sure that this latest update will be of the utmost help”, says the owner of Reverse Mortgage Group.
The senior who is applying must be of 62 years of age or older and must own a house on his or her name to quality for HECM reverse mortgage loan. If you find it difficult to understand this new product in the reverse mortgage industry and its various benefits, please visit the site (http://www.reversemortgageloansplus.com/) now or you can call us at 888-820-2627 for expert live assistance.
About Reverse Mortgage Group

Reverse Mortgage Group is a leading name in reverse mortgage industry that is serving the United States including Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Maryland, Michigan, Nevada, Massachusetts, Oregon, Texas, Utah, Washington and Virginia. We have maintained our website with up-to-date information related to the reverse mortgage industry for interested applicants before applying for a reverse mortgage. Our specialists are just a phone call away to assist you with all of the relevant information that you may require before and after applying for your loan.