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Generation Mortgage releases jumbo reverse protection feature

National Mortgage Professional
Mar 24, 2014

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.

Published
Mar 24, 2014