The Home Equity Conversion Mortgage Is Gaining Exposure From Reverse Mortgage Experts Menifee CA Page

Kevin Leonard has been producing new reverse mortgage informational pages for the HECM or Home Equity Conversion Mortgage. The new “reverse mortgage Menifee CA” page was just wrapped up just in time for seniors to view this holiday season. Reverse mortgages have become popular over the last few years in California, and the HECM or Home Equity Conversion Mortgage is the one most commonly used. The team of mortgage experts headed by Kevin Leonard offers this product through an assortment of lenders. Not all reverse mortgage lenders in Menifee California are the same; they have different origination fees and processing fees. The group explains the basics of a reverse mortgage with their new webpage and video dedicated to that specific area. Menifee is located just north of the city of Murrieta and has a population of roughly 80,000 according to the latest Census. There are plenty of seniors in this city that could benefit from a reverse mortgage, and the group of mortgage professionals is trying to spread the word on how to apply for one. To find out more about the Home Equity Conversion Mortgage in Menifee California, or to speak directly with one of the mortgage consultants visit the new city page here, http://www.kevinleonardmortgageexpert.com/reverse-mortgage-menifee-ca

Learning more about any type of home loan is the key to making the right choice in which financing options are best for an individual. The reverse mortgage is no different, but there are still many myths out there that tend to worry seniors about this type of loan. The biggest fear people have is that the government will take away the home when they die. The truth is that this home loan is like any other type of lien, any equity left in the property will be passed down to their heirs. The reason this type of home loan is so appealing to seniors is they can live in the home without having to make a mortgage payment every month. This is a huge benefit for those living on a fixed budget, and may have a tough time covering the mortgage payment. Instead of falling behind on bills or even the mortgage payment and risk foreclosure, a reverse mortgage allows the senior to draw from the equity in the house with minimal conditions for an approval compared to a traditional loan. Some seniors are even buying a home using a reverse mortgage purchase or HECM purchase in Menifee. They put down enough on the home to where they never make a mortgage payment.

About: 

Kevin Leonard entered into the mortgage business in 1997 and since then he has become of the top reverse mortgage consultants in the industry, and has worked in this field for years. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best real estate agents in Riverside for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To find out more about reverse mortgages in Sacramento, click on the link provided.

Contact: 

Kevin Leonard 

Phone: (858) 999-3737 

NMLS #6279

http://www.trulia.com/community-blog/KevinLeonardMortgageExpert/2014/12/the_home_equity_conversion_mortgage_is_gaining_exposure_from_reverse_mortgage_experts_menifee_ca_page

Reverse Mortgage Menifee California Home Equity Conversion Mortgage

Here is some information provided about a reverse mortgage in Menifee California, you can learn more by speaking with a reverse mortgage expert.

How the Program Works

There are many factors to consider before deciding whether a HECM is right for you.  To aid in this process, you must meet with a HECM counselor to discuss program eligibility requirements, financial implications and alternatives to obtaining a HECM and repaying the loan. Counselors will also discuss provisions for the mortgage becoming due and payable.  Upon the completion of HECM counseling, you should be able to make an independent, informed decision of whether this product will meet your specific needs. You can search online for a HECM counselor or call (800) 569-4287 toll-free.

There are borrower and property eligibility requirements that must be met.  You can use the listing below to see if you qualify. If you meet the eligibility criteria, you can complete a reverse mortgage application by contacting a FHA-approved lender.  You can search online for a FHA-approved lender or you can ask the HECM counselor to provide you with a listing.  The lender will to discuss other requirements of the HECM program, the loan approval process, and repayment terms. 

Borrower Requirements

You must:

• Be 62 years of age or older
• Own the property outright or paid-down a considerable amount
• Occupy the property as your principal residence
• Not be delinquent on any federal debt
• Have financial resources to continue to make timely payment of ongoing property charges such as property taxes, insurance and Homeowner Association fees, etc.
• Participate in a consumer information session given by a HUD- approved HECM counselor

Property Requirements

The following eligible property types must meet all FHA property standards and flood requirements:

• Single family home or 2-4 unit home with one unit occupied by the borrower
• HUD-approved condominium project
• Manufactured home that meets FHA requirements

Financial Requirements

• Income, assets, monthly living expenses, and credit history will be verified.
• Timely payment of real estate taxes, hazard and flood insurance premiums will be verified

For adjustable interest rate mortgages, you can select one of the following payment plans:

• Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
• Term - equal monthly payments for a fixed period of months selected.
• Line of Credit - unscheduled payments or in installments, at times and in an amount of your choosing until the line of credit is exhausted.
• Modified Tenure - combination of line of credit and scheduled monthly payments for as long as you remain in the home.
• Modified Term - combination of line of credit plus monthly payments for a fixed period of months selected by the borrower.

For fixed interest rate mortgages, you will receive the Single Disbursement Lump Sum payment plan.

Mortgage Amount Based On

The amount you may borrower will depend on:

• Age of the youngest borrower or non-borrowing spouse
• Current interest rate
• Lesser of appraised value or the HECM FHA mortgage limit of $625,500 or the sales price; and
• Initial Mortgage Insurance Premium

More can be found by visiting the government site here http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmabou

http://www.kevinleonardmortgageexpert.com/reverse-mortgage-menifee-ca/

Kevin Leonard Mortgage Expert Completes Reverse Mortgage Hemet Video And Webpage

One of Riverside County’s top mortgage professional just completed another video and web blog for reverse mortgages in Hemet CA. Mr. Leonard and his staff are systematically building out online marketing campaigns to acquire new clientele by providing home loan products for refinancing and purchases. Reverse mortgages have become more popular over the years as people learn more about the benefits of this type of home loan. Kevin Leonard and his team of mortgage originators have a group of reverse mortgage specialists in Hemet dedicated just for these types of loans. The team just finished another promotional video for the city of Hemet, and is now live on the internet. The reverse mortgage specialists offer all the information needed for a senior to make a decision if this product is right for them. Along with refinances, there are many new seniors doing a HECM reverse mortgage home purchase program. This way the borrower can place a down payment large enough to where they can live in the house without making any payments. To find out if a reverse mortgage for purchase if right for someone they should speak with a specialist who is an expert in this type of loan to avoid any confusion. To view the new video released by the mortgage team click here, https://www.youtube.com/watch?v=KXm_VzZj2SE

http://www.trulia.com/community-blog/KevinLeonardMortgageExpert/2014/12/kevin_leonard_mortgage_expert_completes_reverse_mortgage_hemet_video_and_webpage

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HECM Costs

You can pay for most of the costs of a HECM by financing them and having them paid from the proceeds of the loan. Financing the costs means that you do not have to pay for them out of your pocket. On the other hand, financing the costs reduces the net loan amount available to you.

The HECM loan includes several fees and charges, which includes: 1) mortgage insurance premiums (initial and annual) 2) third party charges 3) origination fee 4) interest and 5) servicing fees. The lender will discuss which fees and charges are mandatory.

You will be charged an initial mortgage insurance premium (MIP) at closing.  The initial MIP will be .5 percent or 2.5 percent, depending on your disbursements.  Over the life of the loan, you will be charged an annual MIP that equals 1.25% of the mortgage balance.

1. Mortgage Insurance Premium
   You will incur a cost for FHA mortgage insurance.  The mortgage insurance guarantees that you will receive expected loan advances. You can finance the mortgage insurance premium (MIP) as part of your loan.
2. Third Party Charges
   Closing costs from third parties can include an appraisal, title search and insurance, surveys, inspections, recording fees, mortgage taxes, credit checks and other fees.
3. Origination Fee
   You will pay an origination fee to compensate the lender for processing your HECM loan. A lender can charge a HECM origination fee up to $2,500 if your home is valued at less than $125,000. If your home is valued at more than $125,000 lenders can charge 2% of the first $200,000 of your home's value plus 1% of the amount over $200,000. HECM origination fees are capped at $6,000.
4. Servicing Fee
   Lenders or their agents provide servicing throughout the life of the HECM. Servicing includes sending you account statements, disbursing loan proceeds and making certain that you keep up with loan requirements such as paying real estate taxes and hazard insurance premium. Lenders may charge a monthly servicing fee of no more than $30 if the loan has an annually adjusting interest rate and $35 if the interest rate adjusts monthly. At loan origination, the lender sets aside the servicing fee and deducts the fee from your available funds. Each month the monthly servicing fee is added to your loan balance. Lenders may also choose to include the servicing fee in the mortgage interest rate.

More information can be found by visiting http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmabou

http://www.kevinleonardmortgageexpert.com/reverse-mortgage-sun-city-ca/

Reverse Mortgage Lenders Hemet California - Reverse Mortgages Hemet

How the Program Works

There are many factors to consider before deciding whether a HECM is right for you.  To aid in this process, you must meet with a HECM counselor to discuss program eligibility requirements, financial implications and alternatives to obtaining a HECM and repaying the loan. Counselors will also discuss provisions for the mortgage becoming due and payable.  Upon the completion of HECM counseling, you should be able to make an independent, informed decision of whether this product will meet your specific needs. You can search online for a HECM counselor or call (800) 569-4287 toll-free.

There are borrower and property eligibility requirements that must be met.  You can use the listing below to see if you qualify. If you meet the eligibility criteria, you can complete a reverse mortgage application by contacting a FHA-approved lender.  You can search online for a FHA-approved lender or you can ask the HECM counselor to provide you with a listing.  The lender will to discuss other requirements of the HECM program, the loan approval process, and repayment terms. 

Borrower Requirements

You must:

• Be 62 years of age or older
• Own the property outright or paid-down a considerable amount
• Occupy the property as your principal residence
• Not be delinquent on any federal debt
• Have financial resources to continue to make timely payment of ongoing property charges such as property taxes, insurance and Homeowner Association fees, etc.
• Participate in a consumer information session given by a HUD- approved HECM counselor

Reference page: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmabou

http://www.kevinleonardmortgageexpert.com/reverse-mortgage-hemet-ca/

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Homes For Sale in Redhawk Temecula CA Video

The mortgage and real estate industry leaders in Southern California are slowing giving the power back to the local real estate agents by outranking Zillow,Trulia, and Realtor.com on the search engines. Although the team believes these are great resources to have for an agent, the group believes they can do better for their local partners. Kevin Leonard and his affiliates rank videos on Google and YouTube for their agent partners to maximize exposure, and to generate more buyers and sellers. A new video for “homes for sale Redhawk Temecula CA” was just uploaded and already ranks for some key phrases for those searching to buy a home in that neighborhood. The group planes on releasing similar videos in all the major neighborhoods in Temecula and surrounding areas. The goal is to showcase the real estate agents that best represent those locations. To find out more about the team or to see the latest video click the YouTube link here, https://www.youtube.com/watch?v=Ap9dk_93tk4

The community of Redhawk has approximately 3,000 homes, and is known for its well-maintained homes and public golf course. The Realtor that best represents that community will be promoted by the group by a series of videos and social media marketing. The real estate and mortgage consultants are able to achieve unbeatable results for the partners because of the SEO company the group uses. They work full time on promoting the real estate agents and the home loan providers in Temecula. To find out how to join this team, contact the company by the local number listed.

About:
Kevin Leonard entered into the mortgage business in 1997 and quickly rose to become one of the top mortgage consultants in America, and earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the top Realtors in Redhawk Temecula for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To find out more about the homes for sale in Redhawk , click on the link provided.

Contact:
Kevin Leonard
Phone: (951) 200-5750
NMLS #6279

Financing On Homes For Sale By Owner In Temecula - Home Loans FHA,VA,Jumbo

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California Mortgage Branch Opportunities Has Group Of Mortgage Originators Finalizing Deal

California Mortgage Branch Opportunities Has Group Of Mortgage Originators Finalizing Deal
Mortgage professionals in Temecula California Albert Castaneda and Kevin Leonard are signing a new deal with a mortgage lender. The mortgage consultants have been making headlines recently because of the many new Realtor connections they have made through innovative marketing techniques.

The mortgage industry's figures may be down according to some, but this has not stopped the forward momentum of a few top mortgage originators. Kevin Leonard along with his Temecula partner Albert Castaneda has been working on a mortgage branch deal for months. It appears the new mortgage location is launching with a new lending partner. The mortgage consultants and their real estate partners are well-known for being very active in marketing the Temecula Valley area. They are able to co-brand themselves with Realtors, builders and financial planners because of their online exposure. The team uses social media, video sharing sites, and Google AdWords to find those looking to buy or sell a home, and pre-approves them for their Realtor partners. By working with a direct lender the mortgage professionals are able to offer these approvals very quickly which makes them the preferred choice for top real estate agents in Temecula. To find out about the new branch, or to speak with a mortgage expert call the local office here, 951-200-5750



The new location offers many new mortgage loan officer jobs in Riverside California. The team plans on hiring a complete staff of loan originators as well as loan processor positions. Mr. Leonard and Mr. Castaneda both are very experienced in building successful branches, and have no doubts that the top mortgage originators will be applying for the opportunity to work with proven industry leaders. Aside from the traditional marketing, the new location has what every lender is searching for, which is the home purchase business. They have been able to apply an affordable marketing strategy that puts them in front of the client first, giving them a leg up on the competition. The team plans on expanding the branch by not only having mortgage originators in-house, but also having outside loan officers to service their many real estate partners. To learn how to join the fastest growing mortgage and real estate team in the area, click on the Facebook link provided. https://www.facebook.com/KevinLeonardMortgageExpert

The mortgage consultants are making their choice very carefully because of the extensive relationships they have built over the years. Choosing the wrong lender to work with can cost not only current business but future business as well. The key to the team’s success was to find a lender that has all the licenses required to allow minimal or no investor overlays. Many mortgage bankers are held back on funding loans because of these “extra” conditions which “kills” deals, and leave the mortgage originator frustrated. It is also a time-consuming process to move licensees over from NMLS (Nationwide Mortgage Licensing System) to the new lender before the loan officer can start originating new files. These are just a few of the challenges of moving a team to a new lender.

About:
Kevin Leonard entered into the mortgage business in 1997 and quickly rose to become one of the top producing loan officers in the country and earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the top real estate agents in California for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To find out more about Temecula homes for sale, click on the link provided.

Contact:
Kevin Leonard
Phone: (951) 200-5750
NMLS #6279

Homes for Sale by Owner Temecula How To List a House for As Low As 1% Commission

For those with a house for sale by owner Temecula might want to speed up their search, according to Kevin Leonard. A Realtor in Temecula CA has a new agreement with a real estate group to offer as low as 1% commission as opposed to the industry standard of 3 percent. Kevin Leonard has a large group of mortgage professionals and real estate agents working daily on how to become more effective in the market. Focusing mostly on the Southern California market the last few months, they decided to offer a discounted model for the “for sale by owner in Temecula” real estate market. Because the inventory is still very light in the area, some homeowners feel they can either sell the home on their own, or use a discount Realtor in Temecula for minimal assistance. The real estate group is doing their best to service all homeowner’s needs when it comes to listing a house for sale, so they are offering this discounted benefit as an addition to their current services. To learn more on how to list a home in Temecula, or how to use the new discounted service call the office directly at, http://www.kevinleonardmortgageexpert.com/agents/temecula/

Homes for sale by owner in Temecula California might shrink up a bit, once some of the sellers find out about a cheaper way to list a house. That is what Realtors in Temecula that offer different structures for their clients believe. Having the ability to offer a full range of real estate services to the client opens the door for agents that can offer all the bells and whistles, to a basic package of service. Kevin Leonard who is personally responsible for over 5 billion in residential transactions, and who is helping promote this offer believes it offers more options for the homeowner on what they feel comfortable paying in commission.

The good news for the “for sale by owners in Temecula” clientele is, if they decide to use the new discounted model, they will have only pre-approved buyers at their doorstep. The Realtors in Temecula are part of a full service team of mortgage and real estate professionals, which means that borrowers have the ability to be pre-approved for the purchase. This will help cut down on the sellers aggravation of showing the property to people who may or may not qualified to buy the house. The mortgage consultants are experts in VA, FHA, and jumbo home loan products, so they can offer a full range of home loans available.

The real estate group has enlisted the services of an internet marketing company to assist in promoting the new service. The firm plans on submitting the discounted real estate information on finance and real estate related blogs and social networks. The team also has budgeted an amount for Google Adwords and Facebook PPC advertising in an effort to spread the word quickly.