Song Hutchins

About Us:

Reverse Mortgage Sales Manager/Consultant. My reputation is built on Integrity, Accessibility, and Program Knowledge. I love and care for well being of seniors and I take their interest of reverse mortgage options very seriously. My first priorty is to educate the seniors, their families and financial advisors on programs. If you would like to know how the reverse mortgages can help increase your busineses, please do not hesitate to contact me for info or one on one private consultation at no cost. Licensed/Certified: Reverse Mortgages, Residential Mortgages, Security 7 and 66, Annuity, Life and Health Insurance MD. 10 years plus retail banking manager, VP. Speak fluent in Korean.

Areas of Expertise

The reverse mortgages are for seniors who are 62 or older and homeowners with enough equities in their home. Features: 1. Never lose homeownership/title, 2. No monthly payments, deferred loan balance is due when either borrower dies or property is sold. 3. Never owe more than the property value. 4. No Credit Scores, Incomes, Employments and Health checks required. 5. Does not affect Social Security and Medicare benefits. 6. No restrictions on funds use. 7. Can receive funds in Lump Sum, Installment income, Line of Credit or Combination of two.

Testimonials

The daughter (Cindy) had lost her job and was behind on mortgage payments for two months and received foreclosure letter from the bank. Cindy tried to refinance the mortgage and also tried to get HELOC without any success. Fortunatly, Mrs. Green (80 yrs), Cindy's mom, owned a home free and clear and wanted to help save daughter's home from foreclosure. So Mrs. Green obtained the reverse mortgage to save Cindy's home from foreclosure and that gave enough time for Cindy to get back to work. Cindy sold house at market price and received enough proceed to pay off mom, and have enough money to make down payment on a new house. Cindy also helped her daughter (Mindy) with down payment to buy a condo. Bottom line; from one reverse mortgage transaction, two real estates & two new mortgages were generated for partners.

Ms. Smith (67 yrs) had sold her house and received $400,000 from proceed and wanted to move to 55+ retirement community. The house at Retirement community cost $500,000. Unfortunatly, Ms. Smith did not receive enough monthly income to qualify $100,000 mortgage to purchase. However a good news was that, we could do purchase reverse mortgage on the new house to pay down $100,000 so Ms. Smith could moved into a new house without having a monthly mortgage payments and she also got $70,000 Reverse LOC.

Mr. and Mrs. Frank - Mr. Frank is 70 years old. He has been working since he was 7 years old and was sick and tired Mrs. Green (80 yrs) obtained the reverse mortgage to save her daughter's home from foreclosure.of working at age of 70. He wanted to spend some time with his wife, visiting antic stores, outdoor markets and travel however they still had monthly car payments and Home Equity Line of Credit payments so he needed to work full time. Make story short, after obtaining the reverse mortgage, now they are doing things they wanted to do and specially he doesn't have to get up early to go to work anymore. They said, they are so happy and the best thing they ever did.