NEWS

WIRES

OTHER

FHA Reverse Mortgages Provide Huge Benefits For Homeowners Aged 62 And Older, Reports Generation Mortgage Company

Free Article Provides Senior Homeowners Valuable Information

Generation Mortgage, a leading provider of reverse mortgages, has just made available a new informative article on the benefits of FHA reverse mortgages. The article provides objective and clear explanations of the unique benefits of the FHA-insured reverse mortgage program, including:

. How the FHA program subsidizes homeowners aged 62 and over with its HECM (Home Equity Conversion Mortgage) program which provides benefits that cannot be obtained anywhere else

. Dispels the widely held view among so-called experts that the FHA program is "costly" and has "high fees."

. Shows how FHA's HECM loan provides extra money compared to either a private loan or other alternatives for freeing up home equity such as moving and renting

. Provides easy to read examples illustrating how the FHA has put policies in place to subsidize senior homeowners with the HECM reverse mortgage program

With its sole focus on reverse mortgages, Generation Mortgage Company offers seniors "A New Generation in Reverse Mortgages" and pledges to deliver outstanding customer service, as exemplified in its servicing. Generation services all the reverse mortgage loans it writes and does not outsource them. Generation benefits from the financial and logistical support of its controlling shareholder, Guggenheim Partners LLC, a renowned financial services firm with more than $100 billion in assets under supervision.

This educational article, also particularly relevant to financial planners who are searching for additional income sources for their senior clients, is available on Generation's Web site at 'http://www.generationmortgage.com/seniors/products.html'. For a free information packet, call toll-free 1.866.733.6089.

Generation Mortgage Company is an Equal Housing Lender and member of NRMLA (National Reverse Mortgage Lenders Association).

AZ Mortgage Banker License #0909296; GA Residential Mortgage Licensee #22292; 3 Piedmont Ctr, 3565 Piedmont Road NE, Ste 300, Atlanta, GA 30305; Licensed by the Dept. of Corps. under the CA Residential Mortgage Lending Act; In CT, licensed as Generation Reverse Mortgage, Inc., Generation Mortgage Company d/b/a.; Illinois Residential Mortgage Licensee # MB.6760368; Kansas Licensed Mortgage Company License #2007-5293; MA Mortgage Lender-ML3240; ME License #SLM9169; Licensed by the Mississippi Department of Banking & Consumer Finance; Licensed by the NH Banking Dept as Generation Mortgage Company d/b/a Generation Mortgage Company, Inc; Licensed at 51 JFK Parkway, Suite 114, First Floor West, Short Hills, NJ 07078, Phone # 973-218-2418 by the NJ Dept. of Banking and Insurance; NV - 6363 S Pecos, STE 103, Las Vegas, NV 89120, Phone #702-227-6044; Licensed by the PA Dept. of Banking; Rhode Island Licensed Lender; TX SML License #68405, OCCC License #51201, 1101 Melbourne Rd, Hurst, TX 76053; Licensed by the VA State Corp. Commission #ML-731; Also conducts business in AL, AR, CO, DC, DE, FL, HI, IA, IN, KY, LA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, UT, VT, WI, WV, WY. Not all products and options are available in all states. Terms subject to change without notice.
MOBILE: http://www.e4mobile.com/pressreleases/19060
HTML: http://www.eworldwire.com/pressreleases/19060
PDF: http://www.eworldwire.com/pdf/19060.pdf
ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/314065.htm
RSS NEWSROOM: http://newsroom.eworldwire.com/xml/newsrooms/314065.xml

   Ms. Candace Kaufman
   Communications Director
   Generation Mortgage Company
   Atlanta,    GA,    30305
   USA
   404/995-5509 (phone)
   404/995-5409 (fax)
   candace.kaufman@generationmortgage.com