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Mike Stanley

Mike Stanley
gt2018

 

Mike Stanley

Regional Reverse Sales Manager

NMLS: 265369

FL: LO57524, GA: 52479, MD: 26-26569, NC: I-161040, SC: MLO-265369, VA: MLO-6248VA

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Regional Reverse Sales Manager for Thrive Mortgage, LLC in Virginia Beach. I am licensed in FL-LO57524; GA 52479; SC 265369; VA MLO-6248VA.I have knowledge of all aspects of Mortgages, FHA, VA, 203K, Fannie Mae Home Path, and others. However with my extensive experience is working in the Reverse Mortgage Purchase and Refinance field, this allows me the ability to deal with my real passion, Home Equity Conversion Mortgages for Senior’s / Baby Boomers. In 2009 the Reverse Mortgage market went down a new road when they introduced the Reverse Mortgage for Purchase Program. Simply put, a Senior can sale their current home,(which they raised their family in and no longer meets their retirement needs) and purchase a new home, that better meets their retirement needs and life style. By using the Reverse Mortgage Purchase program, they can use a portion of the proceeds from the sale of their existing home as a down payment. Using this down payment we do a Reverse Mortgage on the remaining balance and they live in the new home for the rest of their lives, and with no Principal and Interest payment. This could allow them to keep a good portion of the proceeds from their current home sale to help them enjoy their retirement years. Another unique thing is there are limited credit or income qualifications for the new home they purchase. (Financial Assessment requires the client to have the ability to pay their own, Property Taxes, Home Owner Insurance and any other associated fees)
(This information was not produced by HUD or FHA and the information was not reviewed or approved by the Department or Government Agency.)
Thrive Mortgage is Equal Housing Lender!
Specialties: “Meeting your Reverse Mortgage Needs”
Educating Business Professionals how the Proper Use of a Reverse Mortgage can benefit their Clients and generate more business for them at the same time.

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Call me at (757) 646-4147 or send us a message below.





(757) 646-4147

500 Viking Dr. #102
Virginia Beach, VA 23452
Branch NMLS# 2049712