Reverse Mortgages have always been a fairly expensive proposition, usually carrying a price tag of a 2% origination fee as well as a 2% government mortgage insurance fee, plus third party costs such as appraisal, title, escrow or closing, etc. In all, in some of the higher HUD areas, the total of all fees could total as much as $17,000. Even though these fees are not paid out of pocket and are rolled into the loan, the fees can still scare some borrowers away from obtaining a loan which could otherwise improve the quality of their lives... until now!

All Reverse Mortgage Company (ARMC) is proud to offer the Independence Plan. With the combination of Low Rates & Fees, the plan has become one of the most sought after Reverse Mortgage programs available today.

Program Features

• Interest Rate - 2.1% over 6Month Libor
• Rate as of 03/26/08 = 4.73%
• No Mortgage Insurance Premium
• No Servicing Fee Set Aside
• Only 0.50% Origination Fee of Appraised Value
• Loan Amounts to $3,500,000
• Minimum Age - 62
• No Income or Employment qualifications
• Purchase or Refinance

To discuss your eligibility please call today at (888) 801-2762 Ext. 1

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