Phone: (912) 655-4642
Serving Colorado and Savannah, GA
Email: : cglenn@rfslends.com
NMLS# 411400
Testimonials
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John Doe
About Carolyn
I have spent a lifetime in Financial Services, including Insurance, Stock Broker and Conventional Mortgages. After 10 years as a Loan Officer for Conventional, FHA, and VA loans, I made the switch to HECM (Home Equity Conversion Mortgage) loans. I am so excited about a product that can help seniors in such a variety of ways. I work on both HECM refinances and HECM for Purchase.
After a 10 year absence, I have moved back to Denver, Colorado. But, I also return frequently to my home town of Savannah, GA. It is my pleasure to work with customers in both locations.
I work with Realtors, CPAs, Financial Advisors and Planners along with other Mortgage professionals. I look forward to working with you
Frequently Asked Questions
Do I still own my home?
You will still own your home and can remain in it as long as you wish, provided you continue to pay the property taxes, insurance and maintain the home in good condition.
How much money can I get?
The amount of funds available are based on a number of factors including the product you select. The proceeds available are calculated based on the youngest homeowner’s age, current interest rates and the lesser of the appraised value of your home, sales price or FHA Maximum Lending Limit. Currently the FHA Maximum Lending Limit is $625,500.
What if I have an existing mortgage?
If you currently have a mortgage on your home, the proceeds from the Reverse Mortgage is used to eliminate your current mortgage, in many cases homeowner’s obtain a Reverse Mortgage for this reason alone.
Will a Reverse Mortgage affect Social Security or Medicare?
A Reverse Mortgage doesn’t typically impact your Social Security or Medicare benefits, but benefits do vary state by state; be sure to consult a benefits professional.
When do I have to pay back the Reverse Mortgage?
The Reverse Mortgage becomes due and payable when the last remaining homeowner sells the property, permanently vacates the home or passes away.
Can I use a Reverse Mortgage to purchase a home?
Yes. With a Reverse Mortgage Purchase Loan, qualified homeowners use their loan proceeds to purchase the home. Typically for downsizing or relocating to an active adult community or moving closer to their families.