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Learn the basics of reverse mortgages in three minutes with this presentation from the specialists at Beacon Reversesm.
Meet Sheldon Steinberg and others, and hear about their experiences in our Beacon Reversesm in Real Life series.
Larry Evans
Director, Reverse Mortgage Lending
toll-free: (800) 404-9148
direct: (703) 359-2880
fax: (703) 359-3925
email:
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10560 Main Street, Suite 512
Fairfax, VA 22030
Welcome to Beacon Reversesm, the premium provider of reverse mortgage lending services in the Mid-Atlantic region. We hope you will take time to explore our website and learn how a reverse mortgage can enhance your quality of life by providing the financial independence and security you deserve. We are proud to be a division of American Home Bank, N.A., an FHA-approved, national bank lender with direct endorsement underwriting authority for FHA-insured reverse mortgages. We offer a comprehensive selection of reverse mortgage programs to suit your circumstances.
I often tell people that my position as Director of Reverse Mortgage Lending is the best job I've ever had, and I mean it. After practicing law for over twenty years, and working as a financial advisor, bank vice president and small business executive, I have found the ideal combination of financial services, the law and helping others understand complex programs that empower them to change their lives for the better.
I have personally trained all of our Reverse Mortgage Specialists, and I know they share my enthusiasm for this marvelous, innovative home equity finance solution for those who are lucky enough to be 62 and older.
Our goal at Beacon Reversesm is always to provide the highest level of service in the reverse mortgage arena, to ensure that eligible seniors get all the facts they need to help them make an informed decision about whether a reverse mortgage is right for them. Everyone in our organization shares a deeply-felt commitment to improve the lives of senior homeowners; and you will find that all of our representatives are professional, knowledgeable, personable and efficient. We are an active member of the National Reverse Mortgage Lenders' Association, and subscribe to its Code of Conduct.
The most significant characteristic of a reverse mortgage that makes it clearly superior to every other form of home equity finance, is that it puts the homeowner in control. You decide when and how much of your equity you want to convert to cash. You decide what to use the money for. You decide whether and how to allow the unused portion of your new creditline to grow. You decide if and when you want to make repayment, in whole or in part (except for some special programs that have time period restrictions on partial repayment). You decide how long you want to live in your home. You never have to worry about making monthly payments, foreclosure, or repaying more than the value of the property, regardless of how long you live, or how much cash you decide to take. You need only keep your property taxes current, your homeowner's insurance in force, and maintain your property in good condition. It's the last, best home equity loan you should ever have, and everybody should have one!
