7389 Florida Blvd. Suite 200A
Baton Rouge, LA 70806
Ph:317-617-3619
[email protected]
Licensed in: Alabama, California, Colorado, Florida, Georgia, Indiana, Kentucky, Louisiana, North Carolina, Tennessee, Texas, Virginia nmlsconsumeraccess.org
There are different types of Reverse Mortgage Options. It’s important to know all of your options and if a reverse mortgage makes sense for you.
Fact: Reverse Mortgage Borrowers Report Higher Financial Satisfaction.
A 2018 Journals of Gerontology survey of 1,088 adults over 65 found that HECM borrowers surveyed had higher financial and housing satisfaction three to five years after getting a HECM than their nonborrower counterparts who received HECM counseling but opted not to get the loan.
Source: The Relationship Between Reverse Mortgage Borrowing, Domain, and Life Satisfaction
GMFS Mortgage has a team of dedicated Reverse Mortgage experts who are ready to assist you.
Ms Monica was extremely kind and extremely helpful to me. She made the loan process easy and simple. My life has changed so much not having to make a mortgage payment anymore. I am able to fix up and manage the upkeep on my home with the extra money I have now. You will love working with Ms. Monica getting your FHA HECM reverse mortgage.
Monica was so helpful when I was working with her. Very knowledgeable and professional. She did everything she could to make the process easy and help me understand what was happening on a daily basis. I feel my case was very difficult,but Monica knew what needed to be done and she made it happen. I will be forever grateful for it has made my life much better. Should the need arise I will definitely give her a call.
It was a pleasure to talk with and deal with Monica Emmert. I believe that without her this would not have happened. Seh was with me every step of the way and made sure I understood what I was getting into. She made me feel comfortable about the process. I would recommend her to anyone…
Monica was a superior agent. Dealing with her was smooth & educational.. I felt very comfortable & confident that she was exactly the right person for what I was trying to accomplish.
Thank you Monica.
My agent Monica was absolutely great. I was very pleased by how she handled a trying situation. She responded to every question I had in a quick and thorough manner. I would recommend her to any of my friends who are looking for the same service I had.
Our avg. customer feedback rating = 4.8 stars! Experience for yourself why so many of our customers and partners refer GMFS Mortgage to their family, friends and clients!
Over 130,000 customers and $20 billion in residential mortgage funding in 23 states
Processing, underwriting, and closing under same roof means smooth & predictable closings
A+ rating with BBB and winner of Torch Award for Marketplace Trust
GMFS staff has an avg. of 14+ years of mortgage industry experience
Georgia Residential Mortgage Licensee – License #14655.
When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. GMFS NMLS #64997 is an Equal Housing Lender. Mortgages originated at 7389 Florida Blvd Suite 200A Baton Rouge, LA 70806.
