The Tony Croft Team at Barclay Funding Now Offers Fixed Rate Reverse Mortgages from Their Bergen County Office Located in Edgewater, NJ

Edgewater, NJ, July 24, 2009 --(PR.com)-- From the time when HUD first established the reverse mortgage program there has only been the adjustable interest rate. Currently the news is continuing to report "danger" of adjustable rate mortgages, which has many seniors justifiably nervous about the reverse mortgage with an adjustable rate. However, recently fixed rate reverse mortgages have been introduced. At the drawing of the final loan documentation, the rate is fixed and stays fixed for the entire life of the loan.

Some highlights of fixed rate reverse mortgages are:
Fixed Rate for the life of the loan
Qualified payment must be taken in a lump sum

Some highlights of adjustable rate fixed mortgages are:
Borrower can collect monthly income checks
Monthly checks only added to mortgage balance when cashed
Can usually get a higher loan amount than fixed rate

The terms of either type of reverse mortgage can be complicated, that’s why Tony Croft and his team are excited to serve as your advisors and experts in this area. Contact them directly by phone at 201-943-6800 or by e-mail at tony@tonycroft.com.

The Tony Croft Team at Barclay Funding is located at 725 River Road, Edgewater, NJ and can be reached at 201-943-6800, toll free at 888-207-9506, via e-mail at tony@tonycroft.com or the web at www.tonycroft.com.

###