Real Estate Page BREAKING NEWS FHA LOANS WITH CREDIT SCORES LESS THAN 580 Streamline Program 30 yr Fixed No Credit Score Reverse Mortgage Available for 62+ www.the1stmoneysourceinc.com Brenda Walters - Broker/Owner (510) 376-9719 moneysrce@aol.com NMLS #261796. Lic #01858423 CA BRE. Rates subject to change without notice. Watermark Properties “I got a call from a neighbor that a foreclosure notice had been put on my mother’s home. My mother had passed away several months before and no one could afford to pay the extra mortgage so the loan was now in default. I had also started getting floods of letters from Investors and Realtors who all wanted to give me “some money” for the house. I truly did not know what to do. A friend said to call her Realtor, Jaynelle Bell. I called Jaynelle and told her my situation. Jaynelle immediately got the foreclosure stopped and referred me to an attorney who got the Probate action started. She trashed out, cleaned up, staged and professionally Streamline marketed Program our family home. She and I met over coffee whenever I started to feel overwhelmed and talked me through the 30 entire yr process.Fixed Instead of walking away with nothing and the No shame Credit of losing Score my mother’s house, my family deposited a cashier’s check for over $500,000 into our account. Thank You Jaynelle Bell! “ David, Oakland 4.5% GRANT AVAILABLE NO REPAYMENT! If you have a home to sell, Call Jaynelle! If you need a place to dwell, Call Jaynelle! Jaynelle Bell, it has a nice ring to it. (510) 206-7144 WATERMARK PROPERTIES Celebrating 10 years in business 510-206-7144 • www.ebpre.com What the HECM ????? homeowner to convert the equity in their home into cash payments. The lender places a lien on the property, and instead of paying the lender, you receive money based on the equity in your home. Owning a home that allows you to convert your equity into monthly payments is a wonderful tool. Whether you are a senior in need of income to travel the world, pay for increasing health costs, achieve life goals or simply looking to live a better quality of life, the HECM may be the answer for you! Edward specializes in Conventional, FHA, VA, & reverse mortgage loans and has been servicing the Northern California region for the past 10 years. Edward enjoys educating seniors on the many benefits of the reverse mortgage program. If you would like to see how you may be able to benefit from this or other home financial programs- GIVE Edward A CALL TODAY!! This material is not from HUD or FHA and has not been approved by HUD or any government agency. Edward Carroll MLO#1037433 Senior Mortgage Loan Advisor Pinnacle Capital Mortgage 925-575-0474 Ecarroll@pcmloan.com Pinnacle Capital mortgage Senior Mortgage Loan Advisor: Edward Carroll Loan Type: HECM: Home Equity Conversion Mortgage. A reverse mortgage; for individuals aged 62 and older with equity in their home. Primary residence only. Unique Features: Reverse mortgages (HECM) do not require monthly principal and interest payments and have income/credit requirements that are generally more lenient than traditional mortgages. Borrower must still pay taxes, insurance and maintenance. Background: Retired & struggling to make ends meet on a fixed income, the homeowner contacted expert Realtor, Luis Cintron of Windermere Realty, to discuss selling their home. Luis performed a courtesy property evaluation to show the client, that despite little in liquid assets, the homeowner was sitting on hundreds of thousands of dollars in equity in the home! Understandably if given a choice, Luis knew the homeowner would prefer to remain in the home versus selling. Luis suggested the homeowner reach out to loan officer, Edward Carroll, for reverse mortgage advice. Edward Carroll, an expert reverse mortgage (HECM), Conventional, FHA & VA Loan Advisor, met with the homeowner to evaluate their situation. He proceeded to work closely with the homeowner to educate them on their options and advised them on the necessary steps they would need to take to complete a successful reverse mortgage (HECM). As with the homeowner in this scenario, homeowners cannot always depend on pensions or social security for financial security. The reverse mortgage (HECM) allows the 3220 Blume Drive, Suite 248 • Richmond, CA 94806 • 510.669.2202 www.pcmloan.com/richmond-ca NMLS# 1071 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Luis Cintron BRE#01825763 Real Estate Agent Windermere Real Estate 510-681-6227 luis.homes4u@gmail.com BRE 01421746 Jaynelle Bell
Contra Costa Marketplace - March 2017
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