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1st Reverse Financial Services launches fixed HECMs

National Mortgage Professional
Mar 24, 2014

1st Reverse Financial Services launches fixed HECMsMortgagePress.comReverse mortgages

1st Reverse Financial Services LLC has launched the Fixed4Life Fixed Rate Reverse Mortgage Loan, which features a fixed interest rate for the life of the reverse mortgage, while providing available proceeds comparable to adjustable-rate reverse mortgages.

The Fixed4Life Fixed Rate Reverse Mortgage is a Home Equity Conversion Mortgage (HECM), which is fully insured under the Federal Housing Administration.

Westmont, Ill.-based 1st Reverse Financial Services LLC is a subsidiary of Family Federal Savings of Illinois, a federally chartered thrift. For more information, call (877) 574-1000 or visit www.1streverse.com.

Published
Mar 24, 2014