Our speaker this week was John Harding of Axia Financial (aka; low stress loans). John gave us the latest on reverse mortgages. A few basic prerequisites to qualify for a reverse mortgage the applicant must: be 62 or older, It must be their primary residence, The residence cannot be vacant for more than 12 months, still need to pay taxes & insurance. You can receive the money in a fixed rate lump sum, line of credit or monthly payments (tenure payment). The homeowner would never be ‘upside down’. John also does home loans for home buyers and refinancing.
~ Perfect candidates for John: seniors, first time home buyers, renters, cash poor home rich fixed income homeowner.
~ Key phrases: sick of renting, getting worried about growing old and wanting to stay in my home, can’t pay bills, we are/I am thinking about buying.
For more information contact: John Harding – Reverse Mortgage Specialist
Axia Financial, LLC
400 112th Ave NE #120
Bellevue, WA 98004