Reverse Mortgage The Villages, Florida: Non-Profit Turns to Reverse Mortgages to Help Struggling Seniors
Non-Profit Turns to Reverse Mortgages to Help Struggling Seniors
by Elizabeth Ecker
With an increasing number of seniors in danger of losing their homes as values continue
to fall in many regions, one North Carolina non-profit organization is providing the solution by way of reverse mortgages. And it is starting to see success.
The Foundation For Homeowners, based in Raleigh, North Carolina, provides counseling services to seniors who are facing losing their homes. Through the work of four counselors, the non-profit gains referrals through reverse mortgage companies and helps seniors stay at home through reverse mortgages. The target segment is seniors who may not be able to qualify for any number of reasons, at which point the Foundation For Homeowners reaches in to assist.
“We try to remain the bridge at the time when a home is the most familiar and comfortable place to be,” says Lolita Stevenson, president of the foundation. “We focus only on those seniors that want the reverse mortgagebut are not qualifying for various reasons.”
The foundation is currently counseling between 15 and 20 seniors each month, with a success rate of 70-75% who are able to obtain a reverse mortgage, Stevenson estimates.
For information about a Reverse Mortgage in The Villages, Florida, contact our Specialists at iReverse. We have helped many seniors live stress free in their golden years by using the equity in their homes! Call 800-486-8786 ext 813.