|
Pacifica West Financial
A Division of the Atvantage Group
News Release
September 2, 2003
For Immediate Release
Contact: Deirdre Dore, Marketing Coordinator, Pacifica West Financial
760-607-9700 x274, ddore@atvantage.com
Mary Dore, Vice-President, The Atvantage Group
760-607-9700 x241, mdore@atvantage.com
REVERSE MORTGAGES NOW AVAILABLE FROM PACIFICA WEST FINANCIAL
In an effort to live to its reputation as a full service mortgage and real estate company, Pacifica West Financial, a division of the At|vantage Group, recently became a correspondent lender to Financial Freedom, the country’s largest wholesale lender of reverse mortgages.
Reverse Mortgages are home-equity based loans for homeowners age 62 and over that require no repayment for as long as the borrower lives in the home. The loan proceeds can be used for any purpose, and be paid out in a variety of ways. The available amount depends on the borrowers’ age, value and location of the property, and current interest rates. Financial Freedom offers a variety of reverse mortgage programs, one of the most popular of which is a government insured Home Equity Conversion Mortgage (HECM).
These mortgages have grown in popularity for the past few years. For the first 6 months of 2003, record low interest rates combined with growing awareness of reverse mortgages caused production of these loans to skyrocket. Pacifica West Financial is please to add reverse mortgages to a growing list of available services.
As a correspondent lender, the reverse mortgage agents at Pacifica West Financial have been trained by Financial Freedom, and are fully qualified to accept reverse mortgage applications and answer any questions from potential borrowers. Seminar information and free brochures on reverse mortgages can be obtained by calling Pacifica West Financial’s office in Carlsbad at (760) 607-9700 or toll-free at (888) 908-3288.
More about Reverse Mortgages >>
###
| 
