Reverse Mortgage Funding – Bob (Robert) Hoffman
Reverse Mortgage products from home purchase to line of credit
For homeowners age 55* and older, a reverse mortgage is a powerful financial tool that offers financial flexibility by turning part of the equity in your home into funds you can use as you choose.
Robert “Bob” Hoffman “fell in love” with the Home Equity Conversion Mortgage for Purchase (H4P) product after getting one himself.
He now represents reverse mortgages with RMF and enjoys helping his peers find solutions to their financial concerns as they move into retirement.
“My father always told me to be happy in everything I do,” Bob says, “and working with RMF has allowed me to help people lead better lives, which I find satisfying.”
Bob, who recently moved to Land O’ Lakes, is a self-professed “car nut” and enjoys going to car shows and socializing with others who share his interest. He has two children and four grandchildren scattered around the country.
We help homeowners and homebuyers retire more freely
It’s likely you have a mental picture of your retirement — whether it’s relocating to a different climate, traveling, volunteering, working part time or simply relaxing and enjoying your home and family.
You have lots of options when it comes to funding your ideal retirement — and lots of reverse mortgage programs to choose from if you decide a reverse mortgage loan is right for you.
I’d like to share a bit about why I chose to work for Reverse Mortgage Funding LLC (RMF).
Reverse mortgages are our only line of business and meeting our customers’ needs is at the heart of everything we do.
We’re truly specialists in this area, as our management team averages more than 25 years of experience in the reverse mortgage industry. They are the people who have built, supported and implemented many of the industry’s most innovative products. RMF has a deep understanding of our customers’ needs, and the experience and expertise to deliver innovative reverse mortgage products.
We’re proud to be one of the nation’s top reverse mortgage lenders, servicing more than 260,000 borrowers. As a direct lender, we also have certain pricing advantages — and we can pass the savings on to you.
RMF is committed to providing extraordinary customer service experience.
Part of the reason for our consistently excellent customer service ratings is that we do things differently than other lenders: We provide an experience that’s tailored to each individual.We know that reverse mortgages are a complex subject — and one that’s not easily discussed in a short phone call.
That’s why RMF has local licensed loan specialists like me.I know the Florida market well, and love to meet personally with potential borrowers, whether face-to-face safely or via video chat. I’ll explain how reverse mortgages work, answer all your questions, and give you straightforward guidance based on your specific needs and concerns.
What is a reverse mortgage?
A reverse mortgage is a home-secured loan that can turn part of the equity you’ve built up in your house into funds you can use today, or a line of credit that will be there when you need it.
It offers homeowners age 55* and older the benefits of a traditional home equity line of credit (HELOC) but with additional benefits — including a flexible repayment feature. With the flexible payment option, you decide how much or how little to pay each month toward principal and interest. Or you can choose to make no monthly loan payment at all.
Just like any mortgage or home equity loan, you continue to own your home, with your name on the title. As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance and maintenance.
At a minimum, to be eligible you must be 55* years of age or older; you must have a certain percentage of equity in the home; and the house must be your principal residence.
How much can you receive from a reverse mortgage?
The amount that is available generally depends on four factors: your age, the current interest rate, the appraised value of the home, and government-imposed lending limits. As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and maintenance.
Reverse mortgages have some powerful advantages
A reverse mortgage has certain advantages over other types of home equity-based loans. If the loan balance ever exceeds the value of your home, you and your heirs are not responsible for paying the difference as long as you satisfy your loan obligations, which include maintaining your home, paying your real estate taxes, and property insurance.
Establish a rainy-day fund
Supplement your income
Refinance an existing mortgage
Repay a home equity loan
Consolidate high-interest rate credit card debt
Be more financially prepared
Pay for healthcare
Cover in-home care costs
Make or pay off a major purchase
Home improvements
Home modifications
Buy a home
Why choose RMF
By applying fresh and progressive thinking, we’re delivering a full range of flexible reverse mortgage options, with rates and fees that may be lower than you expect. It’s all about giving you more choices that better fit your needs.
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We deliver on our promises.
Every lender says they have great service. RMF lets our customers speak for us, giving us a 98% customer satisfaction rating1, a 4.8-star / Excellent score on Trustpilot2 and 4.8 out of 5 stars on LendingTree3. We’re also accredited by the Better Business Bureau since 2015, with an A+ rating.
ASK ROBERT HOW MUCH YOU MAY QUALIFY FOR
rhoffman@reversefunding.com
Robert Hoffman
HECM Loan Specialist, NMLS #1387094
Call 813-377-7490