With a reverse mortgage jumbo loan, you can withdraw up to $4 Million and take all available equity in one lump sum. This may be the ideal solution if you need access to all of your money or would prefer to have it readily available.
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A jumbo loan may provide you with the largest possible loan amount, which offers more spending power during your retirement.
You will not pay mortgage insurance. This is because jumbo reverse mortgages are not insured by any government agency. However, you can expect to pay an upfront mortgage insurance fee on the loan balance, plus an ongoing insurance premium.
You may qualify for a jumbo reverse mortgage at a younger age compared to other reverse mortgage solutions.
Keep your home without paying your mortgage.
"Mark brings a professionalism that is second to none. Besides the fact that he is extremely sympathetic and does what he says he's going to do, his strategic thinking and working tirelessly toward my own financial goals helps him stand apart. I'll never work with another loan officer again."
Spencer A.
"Mark Schow was very professional and very kind in helping me refinance my home. He has saved us hundreds of dollars each month."
Dustin E.
"I was new to lending world — only hearing things from what family members and friends had said about their loan officer. After meeting Mark, all of my worries subsided and he helped me throughout the entire process. I would recommend him to anyone looking for a great loan experience from beginning to end."
Gabriel G.
According to a survey conducted by the AARP, 93% of people who did a reverse mortgage were satisfied with their loan and reported that their needs were met.
Start My Reverse MortgageWe know that feeling confident with your lender is a top priority. Mark is committed to helping you live your best retirement. With over 12 years of reverse mortgage lending under his belt, he knows the ins and outs to guide you through the entire process of securing your reverse mortgage.
You will have a partner every step of the way. With a commitment to assist you in finding relief from the financial stress you're experiencing, Mark is sure he can help you stop enduring your retirement and start enjoying it.
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Mark Schow built a detailed guide on reverse mortgages, providing you with the knowledge to make the decision that's right for you.
