Reverse Mortgage Jumbo Product

There are now two reverse mortgage servicing companies that offer a jumbo product for the industry.  The latest servicer, American Advisors Group (AAG), recently announced their product which will allow borrowers to obtain a reverse mortgage on properties valued at up to $6 million and the opportunity to borrow up to $3 million in loan proceeds.  Urban Financial of America has their "HomeSafe" product which was introduced in 2014.  The two products can differ in regards to interest rates and loan to value ratios, so they should be compared carefully.  Proficio Mortgage has wholesale agreements with both of these companies which allows us to offer both of these products to our customers.

For more information on reverse mortgages and other related topics contact:

Rick R. Rodriguez
Certified Reverse Mortgage Professional, CRMP
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222