Value Financial closes first U.S. fixed-rate reverse mortgageMortgagePress.comFixed-rate reverse mortgage
Value Financial Mortgage Services Inc. has closed the first
fixed-rate reverse mortgage issued in the United States, at a rate
below 7 percent. According to CEO Nelson A. Locke, the borrower
received more than $70,000 in cash benefits and has more equity to
draw from in the future.
Value Financial Mortgage Services Inc. is a reverse mortgage
lender based in North Miami, Fla. For more information, call (800)
760-5363 or visit www.valuefinancial.net.