Author Archive for: htlrevereselp

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htlreverse, August 31, 2018, Uncategorized, 0

(1) at the conclusion of a reverse mortgage, the borrower must repay the loan
and may have to sell the home or repay the loan from other proceeds;
(2) charges will be assessed with the loan, including an origination fee, closing
costs, mortgage insurance premiums and servicing fees;
(3) the loan balance grows over time and interest is charged on the outstanding
balance;
(4) the borrower remains responsible for property taxes, hazard insurance and
home maintenance, and failure to pay these amounts may result in the loss of
the home; and
(5) interest on a reverse mortgage is not tax-deductible until the borrower
makes partial or full re-payment.

HighTechLending Inc, NMLS ID #7147 (www.nmlsconsumeraccess.org). 2030 Main Street, Suite #350, Irvine, CA 92614. AZ Mortgage Banker License #0912577; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4130937 , CO Mortgage Company Registration - Regulated by the Division of Real Estate; FL Mortgage Lender Servicer License #MLD1409; Georgia Residential Mortgage Licensee, License #53077; HI Mortgage Loan Originator Company License and Service License #HI-7147, Illinois Residential Mortgage Licensee, License #MB.6761112 , MD Mortgage Lender License #21762, NC Mortgage Lender License #L-165611; NJ Residential Mortgage Lender License, NM Mortgage Loan Company, NV Mortgage Broker License #4517, OR Mortgage Lending License #ML-4386 and Servicer License #MS-139; PA Mortgage Lender #49892; SC Mortgage Lender/Servicer License #MLS-7147; TX Mortgage Banker Registration; UT Residential First Mortgage Notification and Mortgage Entity License #8874117, Virginia Broker and Lender Licenses #MC-5962 NMLS ID #7147 (www.nmlsconsumeraccess.org); WA Consumer Loan Company License #CL-7147. NMLS Consumer Access: www.nmlsconsumeraccess.org

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Author Archive for: htlrevereselp

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