Sun West Mortgage

Finance · 1-10 Employees

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Overview

Phone Number

(973) 250-9949

Revenue

<$5 Million

Industry

Finance Lending & Brokerage
ZI Rank: 1
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About Sun West Mortgage

What is a reverse mortgage? A reverse mortgage is a type of home equity loan that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. Reverse mortgages are typically catered towards older homeowners, but they have also become a great retirement planning tool for many homeowners. This type of mortgage does not need to be repaid until the borrower passes away, sells the home, or permanently moves out. Borrower must maintain the house and pay property taxes and homeowners insurance. Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage insured by FHA. How do reverse mortgages work? Unlike a traditional mortgage that borrowers pay back each month, a reverse mortgage makes payments to borrowers. Borrowers can get these payments in a lump sum, as regular monthly payments, as a line of credit, or as a combination of monthly payments with a line of credit. There are several factors that determine the aRead more
Popular SearchesSun West Mortgage Company IncSIC Code 61,616NAICS Code 52,522Show more

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Sun West Mortgage

<$5M
1-10
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N/A
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LB
Lee BectonVice President
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Sun West Mortgage Tech Stack

A closer look at the technologies used by Sun West Mortgage

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Frequently Asked Questions Regarding Sun West Mortgage

What is Sun West Mortgage's official website?
Sun West Mortgage's official website is www.sunwestinnewjersey.com
What is Sun West Mortgage's Revenue?
Sun West Mortgage's revenue is <$5 Million
What is Sun West Mortgage's SIC code?
Sun West Mortgage's SIC: 61,616
What is Sun West Mortgage's NAICS code?
Sun West Mortgage's NAICS: 52,522
How many employees does Sun West Mortgage have?
Sun West Mortgage has 1-10 employees
What industry does Sun West Mortgage belong to?
Sun West Mortgage is in the industry of: Finance, Lending & Brokerage
What is Sun West Mortgage competition?
Sun West Mortgage top competitors include: LowRates, Kent Mortgage, Warrenwebs, Conventionalloanratestoday.com
What technology does Sun West Mortgage use?
Some of the popular technologies that Sun West Mortgage uses are: Amazon CloudFront, Amazon Route 53, Google Workspace, Gmail
How do I contact Sun West Mortgage?
Sun West Mortgage contact info: Phone number: (973) 250-9949 Website: www.sunwestinnewjersey.com
What does Sun West Mortgage do?

What is a reverse mortgage? A reverse mortgage is a type of home equity loan that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. Reverse mortgages are typically catered towards older homeowners, but they have also become a great retirement planning tool for many home... owners. This type of mortgage does not need to be repaid until the borrower passes away, sells the home, or permanently moves out. Borrower must maintain the house and pay property taxes and homeowners insurance. Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage insured by FHA. How do reverse mortgages work? Unlike a traditional mortgage that borrowers pay back each month, a reverse mortgage makes payments to borrowers. Borrowers can get these payments in a lump sum, as regular monthly payments, as a line of credit, or as a combination of monthly payments with a line of credit. There are several factors that determine the amount of funds you can receive from a reverse mortgage, such as your age, value of home, and interest rate. Who would benefit from a reverse mortgage? A reverse mortgage makes senses for individuals who: Are age 62 and older who own a home or have small mortgages. Can afford the cost of maintaining their home. Want to access the equity in their home to supplement their income or have money available for a rainy day. What are the advantages of Reverse Mortgage? Does not require monthly payments from the borrower. Proceeds can be used to pay off debt or settle unexpected expenses. Funds can improve monthly cash flow. Why should you choose SunwestInNewJersey? Our team offers a 24-hour loan center for future home owners who dont have time to apply for a loan during regular business hours. We offer quick loan approvals and provide our clients with the best loan options for their needs and financial situations. Our team members are well-versed in renovation and construction loan rules and requirements and will ensure you are ...Read More

Is Sun West Mortgage a public company?
Sun West Mortgage is private company therefore does not currently have an official ticker symbol
See more information about Sun West Mortgage

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