Lender Lead Solutions makes available new reverse productsMortgagePress.comReverse mortgage eligibility requirements
Lender Lead Solutions has introduced Simple60, a reverse
mortgage product available to homeowners beginning at age 60, two
years younger than the age of eligibility for Home Equity
Conversion Mortgages (HECMs). In addition, borrowers age 62 and
older will have the option to borrow smaller amounts of money, with
lower closing costs and reduced fees.
Lender Lead Solutions has also released Equity Plus Advantage, a
jumbo reverse mortgage that allows seniors with higher home values
to access greater amounts of their home equity than with
traditional reverse mortgages.
Finally, Lender Lead Solutions has made available its LIBOR Flex
Margin Advantage product line, offering LIBOR-based HECMs with
margins from 75 to 200. A 65 margin is also available, at a reduced
Melville, N.Y.-based Lender Lead Solutions, a division of
Vertical Lend, is a reverse mortgage services company. For more
information, call (888) 775-3631 or visit www.lenderleadsolutions.com.