Flat Branch Home Loans
Bob Peery
Jim Yankee
Kay Brooks
Scott Batt

Reverse Mortgage Loan Product

What is a Reverse Mortgage?

A reverse mortgage is a home loan product that lets you tap into a portion of your existing home equity for cash.  The equity that you have built up all these years can now be paid out to you.  However, instead of having to repay this money  in the form of mortgage payments, no monthly payment is due.  In fact no payment is required until you no longer use this home as your primary residence. 

In what instances are Reverse Mortgages used?

  • Supplemental Income is needed.
  • Prescription Drug costs are strapping your monthly budget.
  • Avoid Foreclosure.
  • Home Remodeling
  • Purchase Life Insurance

Is my home eligible?

The home must be a single family home or a 1-4 unit building with 1 unit occupied by the borrower.  HUD approved Condos are also available.

How much money can I get from my home?

There are a few differnet variables that go into this caluclation.  Basically the more your home is worth, the older you are, the lower the interest rate, the more money you can access.  You can use this Calculator to estimate your particualar situation.  Just keep in mind this is a calculator from a 3rd party website and we are not responsible for the accuaracy of this information nor do we endorse this site.

What are my payment receipt options?

You have five options:

  • Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
  • Term - equal monthly payments for a fixed period of months selected.
  • Line of Credit - unscheduled payments or installments, at times and in amounts of your choosing until the line of credit is exhausted.
  • Modified Tenure - combination of line of credit with monthly payments for as long as you remain in the home.
  • Modified Term - combination of line of credit plus monthly payments for a fixed period of months selected by the borrower.
Kay Brooks is our Reverse Mortgage Specialist.  Be sure to contact her for any questions you have as well as get details on your particular situation!  Office: 660-438-9720

3-17-2010
Today's Rates
Conventional
30 Year
Fixed
5.125%
5.223% APR
 
4.875%
1 Point Paid 5.055% APR
Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it!
Conventional
20 Year
Fixed
4.875%
5.006% APR
 
4.750%
1 Point Paid 4.993% APR
Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it!
Conventional
15 Year
Fixed
4.375%
4.540% APR
 
4.250%
1 Point Paid 4.489% APR
Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it!
FHA
30 Year
Fixed
5.000%
5.240% APR
 
4.750%
1 Point Paid 5.067% APR
Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it!
VA
30 Year
Fixed
5.000%
5.273% APR
 
4.750%
1 Point Paid 5.101% APR
Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it!
USDA
30 Year
Fixed
5.250%
5.520% APR
 
5.000%
1 Point Paid 5.349% APR
Rates can change numerous times per day and every loan scenario is different. Please call for a detailed quote. The rates posted below are for a given scenario and your quote may vary. If you have a more competitive quote, give us a call and we will do our best to beat it!
"It has been a pleasure to work with Shawn Von Talge and Eric Hemmer. In my mind experience counts for a lot and they have that and more. I appreciate the care they devote to every customer and can count on them to do the job right every time."
Hayes Murray - Remax Boone Realty
"Shawn Von Talge is great! He returned every phone call I placed to him. He went the extra mile to make it happen."
Randy & Christina Watson
"I was very pleased with my broker's knowledge, professionalism and prompt attention to my questions and concerns. It was a very smooth process to purchase my home!"
Katie Emerson
"Shawn Von Talge enabled us to have a wonderful experience in obtaining a home loan. I have dealt with other companies and have never had the outstanding customer service provided by Flat Branch. Shawn was able to get a loan for us that we were happy with and I don't know if another company would have tried so hard! The whole team was exceptional and I would recommend their services to anyone seeking a home loan."
Rich & Trina Hoelscher
"Shawn Von Talge did an excellent job. We appreciate everything he has done for us over the last 3 years!"
Stacy & Vanessa Rice
"Shawn Von Talge was very knowledgeable and helpful during the loan process. He was happy to answer any questions I had and always returned phone calls in a timely manner. I was made to feel that no question was trivial or unimportant. I was treated respectfully and everything I needed to know was thoroughly explained. Shawn even made suggestions on moving and furniture buying. He went beyond what was expected and I appreciated all of his help."
Carolyn Adams
"Our refinance was very painless and easy. Although there were a few bumps in the road, Shawn went above and beyond to take care of everything as soon as he was made aware of the issue. Overall, we would gladly recommend Shawn Von Talge to others."
Dan Hoover & Kelly Gracie
My experience with Eric was awesome! I had talked to previous lenders and none of them seemed as interested with the loan process getting done as Eric did. Anytime there was a question that my wife or I had, Eric answered it in a timely manner (within an hour of asking). I would definitely recommend Eric with Flat Branch Mortgage to any of my friends and family.
Allen & Bobbi Long
"Thank you so much for your assistance in our home buying adventure. You were instrumental in this process and we can't thank you enough. We will remember you and highly recommend you."
Kent & Michelle Hulett
"Shawn Von Talge could not have made the buying process any better for us. He is very personable and it is clear that he enjoys what he does. I believe that is how he makes his customers so comfortable with this process."
Michael & Lisa Sexton