Leading financial solutions provider, JPM Leading, announces plans to expand its innovative reverse mortgage programs to provide easy access to capital for seniors in all Florida counties.
A reverse mortgage program is designed to allow seniors to adequately support themselves without putting undue financial pressure on their loved ones. Therefore, Joe Parker, CEO of JPM Lending, one of the leaders in providing Reverse mortgages for seniors here in Colorado, seeks to help more seniors in this regard as the company expands its services for seniors in all Florida counties.
There are many misconceptions about reverse mortgages, one of the most common being, “I don’t have enough income to qualify for a reverse mortgage.” This is where the vast experience of the mortgage professionals of JPM loan prosperous, the company’s typical customers normally benefiting only from social security. The company also has the expertise to know how to access other resources to meet the minimum income requirement.
A second very common fallacy is that “I can’t qualify for a reverse mortgage because I’m currently in foreclosure.” JPM Lending excels at this too, recently rescuing a senior who was so far into foreclosure that the sheriff’s sale was looming in less than a week. “Many other reverse mortgage companies would not even consider helping this elderly person. We stepped in and committed all of our resources to help this elderly person save their home. One of the secrets that other reverse mortgage companies won’t tell you is that there is no underwriting on a reverse mortgage when it comes to FICO credit scores on a reverse mortgage. In fact, this person had a credit score of less than 400. The reverse mortgage was designed to help relieve seniors and allow them to age in place and keep their home.said Joe Parker, CEO of JPM Lending.
For more information on how to get a reverse mortgage and the range of solutions offered by JPM Lending, visit – www.jpmlending.com.