Trending Up: GOTT LOANS Announces Sales Coup, New Website and New Mortgage Products
OCEANSIDE, N.Y., June 23, 2014 /PRNewswire/ -- Respected mortgage advisory and mortgage marketing firm GOTT LOANS has launched a new website – http://www.gottloans.com – to extend its presence into the virtual marketplace as part of a national expansion. Building on this success, the firm has just announced a new reverse mortgage program with no closing costs and free consultations.
Photo - http://photos.prnewswire.com/prnh/20140620/119779
"For most would-be borrowers, the challenge is not in finding a mortgage lender, but in sorting through the throng of banks, online lenders, mortgage brokers and government agencies," explained GOTT LOANS representative Tom Giglio. "We have eliminated that by offering to do all the leg work and placing customers with the best possible affiliate. Our new reverse mortgage product is a perfect example of how we continually keep customers' interests in mind."
With conventional mortgages, the homeowner makes payments to a lender; with reverse mortgages, the lender makes payments to homeowners. Reverse mortgages are repaid upon the death of the borrower or the sale of the home. Homeowners can never owe more than the balance of the loan or the value of the property, whichever is lower. The GOTT LOANS website has a calculator so prospective applicants can see if a reverse mortgage is right for them.
The income from a reverse mortgage is tax free and can be used for anything: funding retirement plans, paying for long-term care, or paying off the remainder of a conventional mortgage. These loan products have become so popular, in fact, that many third-party institutions have entered the market, which is why borrowers today must be particular wary of costs, terms and conditions before signing on the dotted line.
Some reverse mortgage underwriters have hefty up-front costs that cut into the loan's total value. GOTT LOANS, on the other hand, offers a reverse mortgage with no closing costs and a free consultation, ensuring that borrowers receive the lion's share of their hard-earned home equity with less hassle.
In addition to the new reverse mortgage product, GOTT LOANS also offers resources and prequalification tools for VA loans, USDA loans, FHA loans, HARP 2.0 loans and refinancing.
GOTT LOANS and CEO David Gotterup have been in the mortgage business for 10 years, serving mostly local and regional clients. Thanks to an increase in sales, the firm was recently named the top mortgage advisor in New York. Now, with the launch of http://www.gottloans.com, the firm has its sights set on a nationwide expansion.
About GOTT LOANS
GOTT LOANS (http://www.gottloans.com) is a mortgage marketing and mortgage advisory firm headquartered in Oceanside, New York. CEO David Gotterup offers expert advice to both corporate clients and high-net worth individual borrowers. Gotterup is a member of America's Community Bankers, a national trade association representing the interests of community banks and savings institutions.
Contact:
David Gotterup, CEO
GOTT LOANS
3550 Riverside Dr
Oceanside, NY 11572
866-590-9696
Email
SOURCE GOTT LOANS
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article