Reverse Mortgage Financial Assessment – Reverse Mortgages: Financial Assessment
Reverse Mortgage Financial Assessment – Highest Rated?
Radio show host and reverse mortgage professional, Michael Gaddis, J.D. discusses the implementation of the Financial Assessment in reverse mortgages. The implementation of the Financial Assessment has forced many reverse mortgage lenders to impose a reverse mortgage LESA for seniors that do not meet or fail one or more of the 3 financial assessment tests. For many seniors, the imposition of a reverse mortgage LESA can literally be the difference maker on whether or not the senior qualifies for the reverse mortgage.
The key to success is presentation and persuasiveness. Many would-be reverse mortgage borrowers are unable to obtain reverse mortgages because of the reverse mortgage broker that they chose to use. Choosing a reverse mortgage broker is not a beauty contest, you need to choose someone that you believe will be able to guide you through all of the potential pitfalls that might arise during the process.
If you or someone you know is considering a reverse mortgage in the near future please tell them to call Frontier Loan Group, Inc. Michael Gaddis, J.D. is the CEO & Broker of Frontier Loan Group, Inc. He is a frequent speaker on the topic of reverse mortgages conducts reverse mortgage workshops throughout the State of California. Michael Gaddis, J.D. has extensive experience working on more challenging reverse mortgage scenarios. For more information please call Michael Gaddis, J.D. today at 760-692-5950 or email Michael Gaddis, J.D. at Michael@FrontierLoanGroup.com. Frontier Loan Group, Inc. CA BRE #01449152 NMLS#345305 Michael Gaddis, J.D. CA BRE #01433800 NMLS#280011. For more information on Frontier Loan Group, Inc. please visit http://www.FrontierLoanGroup.com or visit Frontier Loan Group, Inc.’s YouTube page at Frontier Loan Group, Inc. YouTube.