Generation Mortgage releases jumbo reverse protection featureMortgagePress.comJumbo reverse mortgages
Generation Mortgage Company has introduced its Generation Plus
Estate Guard feature, which allows Generation Plus jumbo reverse
mortgage borrowers to halt interest accrual on their homes,
depending on real estate market conditions.
"If a borrower's home value is significantly less than their
loan balance, the lender will suspend the interest accruing on the
loan," said Jeffrey M. Lewis, Generation Mortgage Company's
chairman of the board.
Generation Mortgage Company is a provider of reverse mortgage
products and services based in Atlanta. For more information, call
(866) 733-6090 or visit www.generationmortgage.com.