Younger Retiree​Vanishing Payment ​Program

For Borrowers Age 55 +

• A unique refinance program for your clients looking to redirect mortgage payments into savings and investments.
• At the end of 10 years, payment converts to a reverse-style loan and vanishes for the last surviving borrower’s lifetime.
• We can reduce the current P&I portion of the mortgage payment by 33% to 50% per month for the next 120 months.

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​DETAILS

• FICO 680 or above
• More than 10 years remaining on existing mortgage
• Taxes and hazard insurance will be escrowed in new loan
• Available for jumbo and non-jumbo loans