Reverse Mortgage Advice
The official social purpose of Homestead SPC is “to minimize the adverse effects of financial illiteracy on consumers in the community and society engaged in real estate and mortgage transactions”. Ensuring that a borrower is fully informed when considering a reverse mortgage is crucial.
As a lawyer and mortgage broker, Attorney Joseph Arthur Roberts created Homestead SPC as a product of his experience advocating for hundreds of homeowners during the Mortgage Crisis. Millions of misinformed and victimized borrowers lost thier homes to lenders and financial predators. Most borrowers were ill advised as to the nature of their home loans and often persuaded to enter into transactions that were financially dangerous. As such, Homestead SPC is perfectfully suited to serve the needs of reverse mortgage borrowers, more so than the typical loan broker.
HOMESTEAD SPC STRIVES TO BE THE ULTIMATE “ONE STOP SHOP” FOR HOMEOWNERS CURIOUS ABOUT THE PROS AND CONS OF REVERSE MORTGAGES
Homestead SPC is also organized as a law corporation and Attorney Roberts has practiced real estate related law since 1991 and owned a mortgage company that engaged in responsible lending. Homestead SPC is properly licensed to originate home loans and broker real estate transactions for folks in California.
If you would like to chat, please reach out for my cell phone number and we can set up a time that is convenient for you to ask questions.