NGFS is proud to now offer the HECM 200. (HECM stands for Home Equity Conversion Mortgage)

As we have stated previously, rates have dropped rapidly creating scenarios in which the HECM 200 has provided greater financial benefit to the borrower in the form of a higher loan amount. NGFS will continue to compare the HECM 150 and the HECM 200 for each borrower for all loans dated before April 21, 2008. If the HECM 200 provides a greater benefit to the borrower, NGFS will close the loan at the HECM 200 after contacting the loan officer and the borrower.

In addition, due the current interest rate environment the HEMC 200 is providing a similar or greater cash benefit to the borrower.

It is our company philosophy to act in the best interest of customer at all times. If you have a borrower in which the HECM 150 is the only alternative, please contact us for alternatives.

Call 1-888-973-8377 or to speak with a Reverse Mortgage Specialist, or fill out a form to have a local representative contact you.

This entry was posted on Monday, April 21st, 2008 at 9:00 am and is filed under Reverse Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.