Call: (251) 625-0444 /  NMLS 193181
Alabama Purchase, Refinance, and Reverse Mortgages

CRMS

This could be the best chance to refinance your mortgage for some time to come.

This could be the best chance to refinance your mortgage for some time to come.

If you:

  • Are currently paying monthly Mortgage Insurance with your Principle and Interest payment? We can eliminate it. You can refinance with No Monthly Mortgage Insurance!
  • Are you currently paying more than 4.75%?
  • You don’t want to reset the mortgage term clock back to 30 years? You can choose the term of your new mortgage- anywhere from 5 to 30 years!
  • Have high interest rate credit cards, or other revolving debt you would like to reduce?

If you answered yes to any of these questions, call 251- 625-0444 today for a no cost mortgage evaluation.  Don’t wait for rates to start back up, or you could miss this great opportunity.

 

Penny Phillips, CRMS, CMHS, NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

 

Email: southchasemort@att.net

www.southchasemortgage.com

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

                                                                                                                                                                      

Southchase Mortgage 2/5/2018 – Reverse Mortgage Marketing Statement

Southchase Mortgage 2/5/2018 – Reverse Mortgage Marketing Statement

 

Frequently, we hear from clients who tell us that before they contacted us, they called one of the national lenders to inquire about a reverse mortgage. What followed then was an unrelenting barrage of sales calls trying to pressure them into proceeding with the loan.

We do not operate this way. We have built and sustained our business for over 17 years by helping clients who want and need our help, and we never use pressure to coerce a client into any loan.

When a client is referred to us, they will be treated with the utmost courtesy and respect, whether we can do their loan or not.   If they do choose to work with us, they will receive a level of service that few other lenders can match.

We are all about clients shopping their loan, but they need to be aware of the risks involved with some lenders, or lender referral services.

If you know someone age 62 or older, and would like to speak to a local mortgage expert, have them call today.   We will be happy to personally meet with them at their home, bank, our office, or anywhere they feel comfortable.

We will be happy to explain how these HUD-insured loans work, and answer any and all questions they may have. If they decide that this is for them, we will then guide them every step of the way. There is no pressure- we will only answer questions and give honest advice.

 

Thanks for helping us, help you, help your clients!

 

Danny Phillips

 

Penny Phillips, CRMS, CMHS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

 

Southchase Mortgage NMLS# 193181

 

251-625-0444

 

southchasemort@att.net

www.southchasemortgage.com

 

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

 

Women Face Deep Disadvantages in Retirement

Women Face Deep Disadvantages in Retirement

Women account for a disproportionately large chunk of retired Americans, but shoulder a disproportionate amount of the burdens that older folks carry as they age.

Women don’t just earn less because of the enduring pay gap — they also take extended time off to take care of children or other family matters, clocking an average of 12 years out of the labor force, and that is going to have a big impact on their Social Security income, as Social Security calculates benefits in part on the amount of time one spends in the workforce.  In addition, women are far more likely to work part-time during their careers in order to juggle childcare, and even those who work full-time might have to decline promotions or positions that require significant travel, potentially restricting access to employer-sponsored retirement plans and hindering their ability to build significant quantities of retirement savings.

And after a lifetime of these structural and social disadvantages, women often find themselves alone in their golden years: There are 6 million more women than men above the age of 65, as men generally have shorter life expectancies.

For most women, widowhood is inevitable, and often for an extended amount of time: 15-year periods of widowhood are not uncommon.

Once the husband is gone, the widow loses his Social Security benefits, and may have to endure health problems alone — often after providing care to their ailing husbands toward the end of their lives. And while many couples plan for a long retirement, Stone pointed out that older married folks tend to only think about their life together as a couple, and not about what might happen when one of them dies.

Faced with these facts, a Home Equity Conversion Mortgage, or reverse mortgage, can be a significant part of women’s retirement planning.

Home Equity Conversion Mortgages can allow adult children to provide care for their elderly mothers in the family homestead, allowing her to maintain her lifestyle by providing financing for in-home extended care.

If you know someone who may be a candidate for a Home Equity Conversion Mortgage, ask them to call today.  In the 17 years we have been in business we have helped many people with this product, and we have seen the tremendous difference it can make in someone’s peace of mind and well-being.

No offering Home Equity Conversion Mortgages (Reverse Mortgages) in Alabama and Florida.

Call 251-625-0444

Penny H. Phillips, CRMS, CMHS, NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

 

Southchase Mortgage  NMLS# 193181

 

Shopping For a Mortgage?

Are you shopping for a Purchase or Refinance Mortgage in Alabama or Florida?  Well, we love shoppers!

Check the credentials, then check the rate and loan costs.

If you do, you will find that we are in a class all by ourselves.

Call 251-625-0444 to get the process started.

 

Penny H. Phillips, CRMS, CMHS,  NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Housing Specialist

New VA Credit Thresholds

 

Southchase Mortgage 1/5/18

New VA Credit Thresholds

  • 100% Purchase owner occupied starting at 560 credit score
  • 100% Cash Out Refinance owner occupied starting at 620 credit score
  • 100% Streamline Refinance owner occupied, second home, and investment starting at 560 credit score
  • Loan amounts up $1,200,000
  • No Monthly Mortgage Insurance
  • Fixed or ARM loans with competitive rates

Call 251-625-0444 now for more information.  Serving Alabama and Florida.

Penny Phillips, CRMS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

Southchase Mortgage NMLS# 193181

251-625-0444

southchasemort@att.net

www.southchasemortgage.com

 

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

 

 

Questions?

Southchase Mortgage

Do you have a question about a mortgage scenario?  Even if you aren’t ready to submit an application, I will be happy to answer your questions.

You may be thinking about relocating to the beautiful Alabama or Florida Gulf Coast.  To areas like Foley, Gulf Shores, Orange Beach, Daphne, Fairhope, Pensacola, Gulf Breeze, Navarre, Fort Walton, or anywhere in Alabama or Florida.

As a mortgage broker, I work with multiple lenders, and have access to hundreds of lending programs-not just a few.  This means more choices and incredibly low rates, whether you are considering a purchase, refinance, or even a home equity conversion mortgage (reverse mortgage).

If you have a question about any of our mortgage programs, call 251-625-0444 today.

We look forward to hearing from you!

 

Penny Phillips, CRMS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Home Specialist

Southchase Mortgage NMLS# 193181

251-625-0444

southchasemort@att.net

www.southchasemortgage.com

 

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

 

The New Tax Law and HELOCs

The New Tax Law on HELOCs from Southchase Mortgage 12/29/17

Starting in 2018, interest on Home Equity Lines of Credit (HELOC) will no longer be tax deductible. If you would like a quote to combine your home equity line of credit with your first mortgage give us a call. We can even customize the term of the new mortgage to match the remaining years you have now, from 8 to 30 years.

Have a safe, Happy New Year!

Danny Phillips

Penny Phillips, CRMS NMLS# 204553

Certified Residential Mortgage Specialist

Certified Military Housing Specialist

Southchase Mortgage NMLS# 193181

251-625-0444

southchasemort@att.net

www.southchasemortgage.com

Conventional, Jumbo, VA, FHA, USDA, Commercial, Reverse

Purchase or Refinance

 

Now Licensed in FLORIDA!

We are pleased to announce that we are now licensed in the state of Florida!

As a sole proprietor mortgage broker, we work with many different lenders with hundreds of loan programs to offer which potentially save borrowers thousands of dollars over the course of their loan.

We are so confident of our rates and loan costs we actually encourage borrowers to rate shop their loan!

Call now for a no cost rate quote or preapproval.

Merry Christmas!
Penny Phillips, CRMS NMLS 204553
Certified Residential Mortgage Specialist
Certified Military Housing Specialist
Southchase Mortgage NMLS 193181
22394 Miflin Road, Suite 201A
Foley, AL 36535
251-625-0444

southchasemort@att.net
www.southchasemortgage.com

Conventional, Jumbo, VA, FHA, USDA, Commercial, and Reverse
Purchase or Refinance