Syndicate

FIXED INCOME MORTGAGE PROGRAM:​

 

The "Fixed Income Mortgage" is much like the traditional Reverse Mortgage, but when compared to the Reverse Mortgage, Fixed Income Mortgage provides greater benefits to the borrower:

• Fixed Income Mortgage allows for higher "loan-to-values";

• Fixed Income Mortgage has no age restrictions;

• Fixed Income Mortgage allows for greater returns on the equitable portion of the home;

• Fixed Income Mortgage has the ability to continue to provide fixed income on the home for a much longer period;

• Fixed Income Mortgage has a decreasing Lien Balance (the Reverse Mortgage has an "increasing lien balance";

• Fixed Income Mortgage has the ability to continue to provide fixed income to a borrower once the home is owned free (the completion of the loan period);

• Upon the selling of the home or the passing of the borrower, a borrower's beneficiary may choose to continue to receive the fixed monthly income or receive a single lump sum payment; and

• Fixed Income Mortgage provides the same security, if not greater security, to the borrower than that provided by the reverse mortgage

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Common Use of the Fixed Income Mortgage:

• For Extra Income each Month!!

  • Covering Medical Expenses

  • Purchasing Long-Term Care Benefits ​​

  • Establishing Trusts

  • Helping to Financially Support Family Members

  • Paying Off Other Loans or Bills

  • Maintaining or Improving Quality of Life

  • Something Special - buying a boat, car or travel

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The Fixed Income Mortgage is provided by select Mortgage Professionals duly licensed to offer mortgage loans in each state. If you are a Mortgage Lender that would like to offer the Fixed Income Mortgage product, please contact Syndicate Legal & Financial for additional information. 

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