For most retirees, home equity is a substantial part of their net worth.
San Diego, CA (PRWEB) October 31, 2013
OneTrust Senior Lending, a mortgage banker out of San Diego, California, announced a strategic effort and business concentration for the baby boomers 62 and over, who are reassessing their financial picture, to consider a reverse mortgage as a means to meet their needs. Their newly released Website, http://www.OneTrustSeniorLending.com is dedicated to supplying information to help seniors reach a simplified time and focus on what is important to them. This may be the desire for an easier lifestyle, an emphasis on spending time with family, friends and community, making home improvements, or taking an exotic vacation to explore hidden treasure.
“Whatever the motivation is,” says CEO, Joshua Erskine, “OneTrust Senior Lending’s reverse mortgage product and loan specialists will help borrowers make an informed decision as to whether a reverse mortgage is the right financial solution for them. Our commitment is working with our senior borrowers and assisting them through the entire process, so they achieve a stable retirement and peace of mind as they live in their home without having to make monthly mortgage payments. Our reverse mortgage loan specialists receive extensive training prior to advising borrowers on reverse mortgage product options.”
As seniors live longer, reverse mortgages are increasing in popularity as a financial planning option to help borrowers achieve their retirement goals. A reverse mortgage helps seniors maintain their standard of living, keep their independence and stay financially apt. The reverse mortgage is a government insured home loan that allows a borrower to hold title to their home, access a portion of the home equity, and can be used in a variety of ways as long as the borrower continues to occupy the home. The borrower selects how they want to receive their funds whether it be a lump sum, monthly installments, a line of credit or a combination of these options.
About OneTrust Home Loans
OneTrust Home Loans is a privately-owned direct lender with sales and operations across the country. The mortgage lender provides an array of loan options including conventional, FHA, VA, USDA, Jumbo and more. OneTrust Home Loans places special importance on customer service as evidenced by their tagline, Service is everything!® For additional information visit www.OneTrustHomeLoans.com.