|
|
You can never owe more than what your house is worth, and you cannot lose your home?
more
» |
| |
 |
| |
HECM stands for Home Conversion Equity Mortgage?
more » |
| |
|
| |
Both spouses on title must be 62 or older to qualify for a reverse mortgage?
more » |
|
|
|
The FHA
HECM Reverse Mortgage Loan Limits have recently
been raised to $417,000 nationwide.
This change just signed into law now offers
many more senior homeowners around the U.S.
the opportunity to access more equity in
their homes with a reverse mortgage.
|
| |
|
|
| About
Mortgage South of Tennessee |
|
|
Mortgage-South is a full service mortgage lender
offering conventional "forward" mortgages
as well as reverse mortgages.
Mortgage South of Tennessee
was formed in 1986 by its president, Donald Oakes,
who has successfully turned a two-man operation
into a thriving company with over 35 employees and
7 locations in Chattanooga and North Georgia.
The company proudly boasts being the first Chattanooga
lender to do an FHA 203k loan and also, the first
Tennessee lender to do a Reverse Mortgage.
In addition to reverse mortgages, Mortgage South
also offers a complete portfolio of conventional
"forward" mortgages, including 30-year and 15-year
fixed rate loans, Adjustable Rate Mortgages (ARMs),
and FHA loans.
Mortgage South is licensed to originate FHA conventional
and reverse mortgages in Tennessee, Georgia, Alabama,
& Florida
Mr. Oakes wants you to know that what you get with him is someone with over 20 years mortgage experience, 1400 closed loans, and 800 different clients. Someone who is more interested in what is best for you, not in a quota or profit, and someone who will hopefully be your resource for many mortgage related questions that will come up in your future.
For more information about the many mortgage
loan programs offered by Mortgage South, as well
as current rates, mortgage calculators, mortgage
library, and online application forms, please visit
the Mortgage
South web site. Or call Don Oakes at (423) 624-3878.
|
|
