I'm Tom Burnett, the owner of BAMC, I'm also a senior citizen who has a reverse mortgage.
Since Bon Air Mortgage Company is a Mortgage Brokerage Company, we use 4 of the top 5 reverse mortgage lenders in the United States. Other non-broker lenders have THEIR proprietary program, but we can choose from the lender programs that suit YOU!
I know the "sweet spot" for rates . I will gladly show you my paperwork and your estimate will show your projected loan payoffs down the road as well as your projected home value!
Please take a look at the "RM Explanation" tab and I will give you some real world explanations of how they actually work. Nowhere else can you find the depth of how to maximize the use of RM's!
We also do conventional loans using top lenders such as the one whose name rhymes with "chicken" or their new name that rhymes with "sprocket".
When reviewing their estimate with ours you will notice the rates are the same, BUT they have an ORIGINATION FEE and we DON'T!