Bill Benson

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The Senior Advocacy Blog Of Bill Benson

New Reverse Mortgage Rules To Help Couples

Reverse Mortgage rules are about to change for married couples making the loan process considerably easier. In the past, there have been instances where one spouse took out a reverse mortgage loan and then passed away, leaving the surviving spouse facing foreclosure. On August 4, 2014 the U.S. Department of Housing and Urban Development will pass a new rule to help protect couples. Surviving spouses will now be able to continue living in the home as long as they make the required insurance and tax payments. The new rules also state that couples can now qualify for a reverse mortgage if only one spouse is 62 or older. More here

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Contact:

Bill Benson
NMLS#274999
Senior Mortgage Planner / Reverse Mortgage Specialist
Partners Mortgage
A division of Pinnacle Capital Mortgage Corp.
2105 So. Bascom Ave., Ste 150
Campbell, CA 95008
Office: (408) 342-3549
Alternate: (408) 378-6603
Fax: (408) 257-9903

Company Website | Email Me

About Bill:

Bill Benson was raised in San Jose where he graduated from San Jose State University with a degree in Business Administration. After serving his country for three years as an Officer in the U.S. Navy, Bill, his wife Diane (his high school sweetheart), and two young children moved to the mountains where he became a Realtor and then a Real Estate Broker. He eventually expanded into Property Management and then Real Estate Development in the Central Valley of California before returning to Santa Clara County and becoming a top producer in the Mortgage Business.

In his 30+ years in the mortgage business, he has worked extensively with Realtors, Home Builders, Financial Planners, and a wide variety of Home Buyers. Bill now specializes in Reverse Mortgages for Senior Citizens. His passion is to enable Seniors to stay in the homes they love at retirement and to live their lives more comfortably. He excels in service and is proud that much of his business is the result of referrals from past clients.