Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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THIS JUST IN

RMF News Release

Reverse Mortgage Funding LLC Recognizes Veterans with Veteran Discount Program

Bloomfield, NJ (November 11, 2019) – Reverse Mortgage Funding LLC (RMF), a leading national reverse mortgage lender dedicated to helping older Americans achieve financial peace of mind, recently announced its Veteran Discount Program.* 

“We recognize the sacrifices made by the men and women who have served in our country’s Armed Forces. As a token of our gratitude, and our way of saying thank you, we have created our new Veteran Discount Program,” said David Peskin, President of Reverse Mortgage Funding.  “Our veterans have dedicated so much of their lives toward keeping our country safe, and now it is time to see them enjoying retirement with less financial stress.  A reverse mortgage can help veterans stay in their home without having to worry about a monthly mortgage payment and may increase their cash flow. I can’t think of a better way to show our appreciation than to make reverse mortgages more accessible to them by offering the Veteran Discount Program.”

Available to U.S. military veterans and their spouses (including the spouses of deceased veterans), the new program can give customers who can offer documentation of their service a credit of up to $450 toward appraisal costs on their reverse mortgage. 

The Veteran Discount Program is yet another example of RMF’s dedication to providing an extraordinary and positive customer experience, in addition to its Customer for Life Commitment. RMF has earned a 98% customer satisfaction1 rating; a 4.7-star / Excellent score on Trustpilot;2 4.8 out of 5 stars on LendingTree;3 and an A+ rating with the Better Business Bureau5.   

About Reverse Mortgage Funding LLC

Established in 2012, Reverse Mortgage Funding LLC (NMLS ID #1019941) is one of the fastest-growing lenders in the industry,4 one of the nation’s largest GNMA issuers of reverse mortgages, and a recognized thought leader in the reverse mortgage business. A wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), the company’s focus is on originating, acquiring, investing in, and managing reverse mortgage loans and securities backed by reverse mortgage loans. The company is headquartered in New Jersey, with corporate offices in New York and California and field offices throughout the U.S. 

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As with any mortgage, borrower must meet their loan obligations, keeping current with property taxes, insurance, and maintenance.

*RMF’s Veterans Discount Program is subject to change or cancellation at any time and without notice. This program offering can only be redeemed with Reverse Mortgage Funding LLC. Consumer must pay for the appraisal upfront. This program offering is valid for an appraisal credit of up to $450.00 off allowable closing costs. In some instances, the credit may not be valid or may be less due to loan program restrictions. Program offering may not be valid with low cost loan programs or other lender credits. Home Equity Conversion Mortgage offers apply to refinances only. This offer is not available for Home Equity Conversion Mortgage for purchase transactions. This offer is available with RMF’s Equity Elite product.  Loans currently in process do not qualify. The credit will be applied at the closing of your mortgage loan with Reverse Mortgage Funding LLC, and it will be shown on the HUD-1 Settlement Statement. Loans must be closed and funded with Reverse Mortgage Funding LLC as the lender. All loans are subject to approval. Program, rates, terms and conditions apply and are subject to change without notice. Program offering is not transferable. No cash value. This program offering is not redeemable for cash or cash equivalents. Not valid with any other discount or promotional offers. Some restrictions apply. Void where prohibited, taxed or restricted by law.

RMF’s Customer for Life Commitment Program is subject to change or cancellation at any time and without notice.

1Source: RMF Customer satisfaction survey, December 2018

2Source: Trustpilot, as of June 2019

3Source: LendingTree Ratings and Reviews, as of June 2019

4Source: Reverse Market Insight

5Source: Better Business Bureau as of November 2019

L3037-Exp112020

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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.


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By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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