THE UNITED MORTGAGE FUND DIFFERENCE
- Knowledge and experience. Every employee of United Mortgage Fund has at least 10 years residential lending experience.
- Loan officers get paid the same for every program. They have no incentive to put you in one loan over another so they truly have your best interest at heart.
- All loans are processed in-house and most loans close in under 30 days.
- Extraordinary customer service. All customer phone calls and emails will be returned within one hour or less during regular business hours.
- Low rates, helping you save money.
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1-866-512-2658
5 Biggest Mortgage Myths
- A 30 year fixed rate mortgage is always best.
Incorrect. - The lowest APR (Annual Percentage Rate) is the best deal.
It depends. - All fees are included in the APR.
Incorrect. - National Banks are the best places to get mortgages.
Almost Never. - Pay off your mortgage as soon as you can.
Incorrect.
Reverse Mortgage Purchase Loan
Are you 62 or over and want to buy a new home? Maybe you want to downsize, or go from a two story to a one story or just move closer to your grandchildren. Let’s say you’ve found the perfect place for $300,000. You can buy that house with a Reverse Mortgage Purchase Loan. You pay about 50% of the purchase price and use a reverse mortgage for the rest. You will never have to make another monthly mortgage payment. You’re only responsible for the property taxes and homeowners insurance and maintaining the property. There are minimal income and credit requirements. You continue to hold title to the home and are not required to pay off the mortgage until you move, sell the property, die, or fail to comply with the loan terms.
5 Biggest Reverse Mortgage Myths
- The bank owns the home after you get a reverse mortgage loan
- You need good credit to qualify for a reverse mortgage
- A reverse mortgage will affect my Social Security, Medicare and taxes
- Your home must be debt free with no mortgages or liens
- My children will have to use their own funds to repay the loan