PRNewswire
MELVILLE, N.Y.
Joins forces with local realtors, developers, organizations
MELVILLE, N.Y., April 22 /PRNewswire/ -- As part of its ongoing commitment to enhancing the retirement lifestyles of this nation's seniors, Melville, N.Y.-based Senior Lending Network announced today the official launch of its HECM for Home Purchase program.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080728/NYM036LOGO )
A benefit of the Housing and Economic Recovery Act of 2008, this new initiative allows eligible senior homeowners to use the proceeds from a reverse mortgage to purchase a new primary residence, which they previously may not have afforded. The Federal Housing Administration (FHA) designed this program "to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction by eliminating the need for a second closing ... and to enable senior homeowners to relocate to other geographical areas to be closer to family members or downsize to homes that meet their physical needs."
Regarded as the most recognized reverse mortgage brand, the Senior Lending Network is always seeking new avenues of growth. "In conjunction with more and more baby boomers turning 62, today's unpredictable economy, and seniors wishing to manage and maintain a comfortable quality of life, we've adopted this program," said David Peskin, Senior Lending Network CEO. "This is an unprecedented opportunity for realtors to access the reverse mortgage industry, while ethically serving the senior community and helping them reach their retirement goals. That, combined with recent legislation, makes this a very exciting time in the industry."
The Company is currently seeking to develop strong relationships with the most qualified and experienced realtors and originators who adhere to its strict criteria, as well as its ethical standards established by NRMLA (the National Reverse Mortgage Lenders Association).
ABOUT SENIOR LENDING NETWORK. Senior Lending Network, a program of World Alliance Financial Corp., is one of the leading and most recognized reverse mortgage lenders in the nation. Senior Lending Network is committed to helping seniors achieve a secure and independent life. With the backing of its wholly-owned parent company, the KBC Group, Senior Lending Network offers its business partners exclusive access to complete lead-to-closed loan services, including its comprehensive marketing, lending, educational, and technological solutions. For more information call 1-800-562-6755 or visit the company's website at www.SeniorLendingNetwork.com.
CONTACT:
Melissa Jedlicka
Senior Lending Network
631-454-6004
mjedlicka@srlend.com
www.SeniorLendingNetwork.com
Photo:
http://www.newscom.com/cgi-bin/prnh/20080728/NYM036LOGO
SOURCE: Senior Lending Network
Web site: http://www.seniorlendingnetwork.com/
