Thank you for taking the time to visit my reverse mortgage website. Education is the best tool for making important decisions and you will find valuable information here. Helping seniors is what I do. For a quick quote, just complete the information on the right. Are you interested in taking steps toward furthering your financial security and preserving your cash assets.
Are you over age 62 and concerned that you may possibly outlive your savings or retirement dollars?. Because I specialize in reverse mortgages, also known as Home Equity Conversion Mortgage (HECM), I have the knowledge and the experience to assist you from beginning to end. Allow me to provide you with a loan comparison (no cost and no obligation).
Are you over age 62 and concerned that you may possibly outlive your savings or retirement dollars?. Because I specialize in reverse mortgages, also known as Home Equity Conversion Mortgage (HECM), I have the knowledge and the experience to assist you from beginning to end. Allow me to provide you with a loan comparison (no cost and no obligation).
Services
Company
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Jack Tenold will put his 26 years of experience to work for your benefit and he considers it a privilege to work with senior homeowners and their families. Getting information or applying for a reverse mortgage does not have to be an ordeal. It is easy to apply in person or over the phone. You can trust that Jack will always put your interests first.
Glossary
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Annuity - a monthly cash payment you get from an insurance company for the rest of your life. Creditline - a credit account that lets a borrower decide when to take money out and also how much to take out; also known as a "line-of-credit" or "credit line." Leftover Equity - the sale price of the home minus the total amount owed on it and the cost of selling it; the amount the homeowner or heirs get when the house is sold.
Reverse Mortgage Basics
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A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer uses the home as his or her principal residence.
Senior Safeguards
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As a member of the National Reverse Mortgage Lenders Association (NRMLA), we adhere to and maintain the high standards and code of conduct which aims to protect the interests of the senior community and their families. We realize that although Reverse Mortgage products can be an excellent financial solution, they may not be the cure all for your financial needs.
Common Questions
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Do your research. Talk to a capable reverse mortgage specialist who has experience working with seniors. Your reverse mortgage specialist should be a member of your local Better Business Bureau (BBB) and the NRMLA (National Reverse Mortgage Lenders Association). Jack Tenold's office is an accredited business with the BBB and Jack is a long-standing member of the NRMLA.
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