Testimonials

"The residential mortgage industry is a very competitive market. As a commercial banker I know that a residential loan is viewed a commodity in the marketplace. The only variables are price and service, but at the end of the day a mortgage is just a mortgage.

Over the years I have worked with many residential brokers that have offered various levels of service. Their level of professionalism directly reflects on my name. When my clients are looking for a fast, easy solution to purchase or refinance a home, I send them to 800775LOAN.com. It is the nontraditional approach to the mortgage lending market that makes them the simplest solution. My borrowers fill out an online application, at their leisure, and then the request is followed up with a phone call from a knowledgeable professional for any other issues. It is really that easy.

The service has been outstanding and my clients thank me. I would tend to think that this level of service comes at a cost, but the rates are extremely competitive and they have been able to find financing for the toughest borrowers. There proprietary model not only streamlines the application process, but it solves many of the inefficiencies in the marketplace. There business will be the wave of the future in residential lending and it makes my job easier, knowing that I can make one phone call to fill any of my client's residential mortgage needs."

- Ryan F
VP of Fortune 500 Business Bank

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Reverse Mortgage Calculator

Reverse Mortgage Calculator

Reverse Mortgage Calculator

Use this calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.

Reverse Mortgage Calculator
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Definitions

Lump sum advance

The starting balance or amount you expect to receive immediately from your reverse mortgage.

Years

The total number of years you are planning draw from the reverse mortgage.

Monthly loan advance

Total monthly amount you plan on receiving, in addition to the lump sum advance.

Interest rate

The annual interest rate for this loan.

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