For Boothbay Harbor, Maine senior homeowners, having a reverse mortgage consultant they can turn to for answers is a "must have when they are looking to gain equity from their home.
October 13, 2012 (Newswire.com) - With the economy the way it is, Boothbay Harbor Maine homeowners are often strapped for cash and are looking to supplement their income so they can pay for what they need. Maine's Reverse Mortgage Expert, or more specifically Gerard "Jerry" Jalbert, understands their dilemma and is the reverse mortgage consultant to turn to for expert advice.
For many individuals who have heard about reverse mortgages, it can be a confusing subject and leave them with lots of questions. Their questions cover everything from what is a reverse mortgage to is a reverse mortgage beneficial to me. A reverse mortgage loan officer can be a valuable resource to sorting through the maze of confusion that often arises when senior citizens begin to look into reverse mortgages. That is when these same people start looking for a reverse mortgage consultant like Mr. Jalbert at Maine's Reverse Mortgage Expert.
Ask any person if banks and financial institutions are only out to take advantage of people with a reverse mortgage and invariably they will answer yes. As Mr. Jalbert explained, "This is far from the truth. A reverse mortgage consultant can sit down with a customer in a one-on-one meeting and can clarify areas that elders might not have a clear understanding in, discuss qualification criteria, help them determine the true value of their home, and work with them through the entire reverse mortgage process. "
"A reverse mortgage is a special type of home loan, also known as a Home Equity Conversion Mortgage (HECM), that lets senior citizens convert a portion of the equity in their home into cash. Equity that they have built up over years of home mortgage payments can be paid to them. However, unlike a traditional home equity loan or mortgage, there are no monthly payments, and no repayment is required until the homeowner moves out, or passes away." While this may sound all good, there are numerous disadvantages that homeowners need to be aware of. Contacting a reverse mortgage consultant like Jerry Jalbert just makes good, plain common sense.
Gerard "Jerry" Jalbert provides the new reverse mortgage, government guaranteed, products throughout the State of Maine. After being drafted into the United States Military during the Vietnam War and serving his time, Jerry became a blue-collar worker for a paper mill in Westbrook, Maine. Realizing the importance of getting a college education, Mr. Jalbert went for his B. S. in Accounting where he took and passed his Certified Public Accountant (CPA) exam. From there, he transitioned over to the finance industry working for a number of financial institutions including Norwest Bank, Wells Fargo, Bank of America, MetLife and now works for Reliant Mortgage in Portland Maine. Mr. Jalbert is truly an expert as he has written almost 8,000 mortgage transactions -- with approximately 1,000 of them being reverse mortgage transactions.