Reverse Mortgage Alabama and Scott Underwood
Main Number: (205) 908-2993
Email: scott@reversemortgagealabama.com
Profile
Reverse Mortgage Alabama | SMG Mortgage | Scott Underwood
I have been in the Mortgage industry since 2007 and have become an expert in the South thanks to my expertise in reverse mortgages. I love working with seniors and knowing the positive results a Reverse Mortgage can have. Most of my business comes from client referrals, so my goal is to provide a personal experience from application to closing.
I pride myself on going the extra mile to help educate those who may not be aware of the options today with traditional mortgages. Choices for purchasing a home include Conventional, FHA, VA, USDA, Jumbo, HELOCs *, HELOANS*, and Reverse Mortgages.
Today, reverse mortgages are used for many different reasons. Such as replacing a loved one’s income, providing a solution to pay for in-home care instead of a nursing home, eliminating a current mortgage and payment, or supplementing retirement income or an investment portfolio.
SMG Mortgage is a direct lender but unlike many “big banks” and some other lenders we can work with many different investors offering programs for almost any situation, we understand that everyone’s situation is different, and we have the flexibility to meet those needs.
If you need a mortgage or just have general financing questions, I would be happy to help you. You can contact us at (205) 908-2993, (256) 677-9767, scott@SMGmortgage.com, or Scott@ReverseMortgageAlabama.com
*****HELOC- Home equity line of credit. Generally, a longer draw period (sometimes interest-only) and a variable rate for 15-, 20-, and 30-year terms. HELOAN-Home Equity Loan – 2nd mortgage only, Fixed rate for 10,15,20,30 years- Full amount taken out at closing.
Our HELOCs can be used for an owner’s home, second home, or investment property, with up to 90% CLTV. (Owner’s home only).