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With over 100 years of mortgage experience, a committed to transparency, and a personal and thoughtful approach, Smartfi Home Loans, LLC is the best place to find you the right mortgage.
Interested in learning more and seeing how much cash out you can get with a reverse mortgage? Fill out the form below for our free Reverse Mortgage Guide and to get in touch with a Smartfi specialist!
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Our Smartfi specialists have the experience you need to get the most out of your home. We can help you get an FHA Home Equity Conversion Mortgage (HECM) or Choice Jumbo Reverse Mortgage, so you can put cash into your pocket. Our specialists are experts on conventional and reverse mortgages, so they can get you into the right mortgage and answer all of your questions.
Find out how Smartfi Home Loans, LLC can help you reach your goals today.
A Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage and is insured by the FHA. Funds from a HECM can be distributed in the form of a lump sum, monthly payments, a line of credit, or a combination. It requires borrower counseling and mortgage insurance and currently has a lending limit of up to $970,800.
The Smartfi Choice is a great option for borrowers whose needs, or qualifications, don’t quite fit the HECM design. With the Smartfi Choice reverse mortgage, borrowers can be lent up to $4,000,000, have no upfront mortgage insurance premium, receive all loan proceeds at close, and can qualify for the reverse mortgage at age 60**.
*Borrower must pay property taxes, insurance, HOA fees and maintain the property.
**Age requirements differ by product and state.
2022 Smartfi Home Loans LLC (In Ohio only, does business under the trade name Bankers Guarantee Mortgage Company), Company NMLS 1862952