Bonny Gilbert Reverse Team Expands

Somerville MA

11 February, 2021

1:36 PM

Description

Bonny Gilbert Reverse Team Expands Staff and Licensing Credentials Changes Enable Team to Answer More Frequent Queries about Reverse Mortgages Boston, Mass.—February 11, 2021—Bonny Gilbert, Esq., who leads the Bonny Gilbert Reverse Team with Fairway Independent Mortgage Corporation, Boston, has expanded her staff and credentials in response to increased queries about reverse mortgage loans. The expansion comes shortly after the U.S. Department of Housing and Urban Development’s (HUD) decision to raise the maximum claim amount to $822,375 from $765,600 for HECM (Home Equity Conversion Mortgage) reverses. These loans enable homeowners who are 62 or older to convert some equity into an additional source of tax-free money*. “We’re pleased to be able to educate more homeowners, financial advisors, and estate planning and elder law attorneys on reverses. Their questions have become more frequent since the COVID-19 pandemic began affecting the economy,” said Ms. Gilbert. Somerville resident Rachel Lerner (pictured) who was previously a marketing coordinator with an international business event company, is bringing her communications expertise to the Bonny Gilbert Reverse Team. She holds a bachelor’s degree in marketing from the University of South Florida. In addition, Bonny Gilbert is now licensed in Connecticut, New Hampshire and Maine, building on her pre-existing licenses in Massachusetts, New York, New Jersey, and Virginia. Potential uses for reverse mortgages include improving retirement security, aging in place, making living gifts, or reaching other financial goals. More information is available at bonnygilbertmortgages.com, [email protected] or 857-300-6775. * This advertisement does not constitute tax or financial advice. Please consult a tax and/or financial advisor regarding your specific situation. Copyright©2021 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender. MA Mortgage Broker License #MC2289Fairway Independent Mortgage Corporation is not a lender for reverse mortgage products in the state of Massachusetts). Licensed by the NJ Department of Banking and Insurance. Licensed Mortgage Banker- N.Y.S. Department of Financial Services. Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289). MA Loan Originator License #MLO300106. Branch address: 380 West Broadway, Unit 101, South Boston, MA 02127. ###