Discover how the new Home Equity Conversion Mortgage (HECM) through FHA can help!

How the New Home Equity Conversion Mortgage Purchase program works

The Home Equity Retirement Option loan (HERO) can help with any financial plan in Retirement.

Discover how the new Home Equity Conversion Mortgage (HECM) through FHA can help!

How the New Home Equity Conversion Mortgage Purchase program works.

Click the button below to talk to a HECM specialist.

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About Michael Standard 

A little bit about Michael Standard and HERO Loans LLC. Michael has been in the financial services sector since he graduated from Marylhurst College. He started as an Insurance agent, then a Financial Planner in the bank channel for many years. Where he found his love for helping Senior citizens with planning in retirement. Then he wanted to expand and help other financial advisors with their jobs. So, he went into business development for many years supplying software solutions to the industry. When he discovered the software career path was constantly growing smaller as more banks and financial service providers were continually consolidating. Michael decided to find a career where he could help Senior citizens again and he was directed to the HECM loan specialization and has thrived as a Mortgage Broker of HECM loans since 2017.
He has never forgotten his roots of being raised in a logging community in the Northwest. Nor his love for God, Family, and the great outdoors.
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Here is why I work with Michael at HERO loans LLC.

1. Phil Byers Financial Advisor: He has a broad understanding of Financial planning, due to his past career as a Stock Broker in the bank channel.
2. Pam Dickenson : The top performing EXP agent#
My clients were helped a lot when they Used the HECM to downsize into a better home. It kept them financially strong with no mortgage payment and money left over.
DeLena Ciamacco has been the #1 RE/MAX Agent in Ohio for 20+ years and currently has over 40 active listings. She gets 60% of her business from Referrals. 🤔
3. Matt Peisker, Insurance agent: My clients worked with Michael and were able to eliminate their mortgage and the payment, by using the HECM loan. Then they had the funds to purchase the LTC they needed to age in place.
4. Jim and Kathy: Top performing realtor at EXP. : My clients loved Michael and he was very helpful in explaining the HECM purchase program. So, they could move into a smaller home and have funds left over for in home care as they got older.
Ronnie & Cathy Matthews sold 193 homes in the last 12 months, and about 60-70% of their business comes from Referrals.

So as you can see…..
Top performing Financial Advisors, Insurance Agents and Realtors have referred clients to Michael, and they have been well taken care of. Plus they have benefited from Michaels broad expertise in the industry. So, set up an appointment to talk with Michael. Testimonials are actual customer’s of Michael and offered their review without compensation. Pictures shown may not be actual customers or referral partner.  

Here is why I work with Michael at HERO loans.

1. Phil Byers Financial Advisor: He has a broad understanding of Financial planning, due to his past career as a Stock Broker in the bank channel.
DeLena Ciamacco has been the #1 RE/MAX Agent in Ohio for 20+ years and currently has over 40 active listings. She gets 60% of her business from Referrals. 🤔
2. Pam Dickenson : The top performing EXP agent#
My clients were helped a lot when they Used the HECM to downsize into a better home. It kept them financially strong with no mortgage payment and money left over.
3. Matt Peisker, Insurance agent: My clients worked with Michael and were able to eliminate their mortgage and the payment, by using the HECM loan. Then they had the funds to purchase the LTC they needed to age in place.
Ronnie & Cathy Matthews sold 193 homes in the last 12 months, and about 60-70% of their business comes from Referrals.
4. Jim and Kathy: Top performing realtor at EXP. : My clients loved Michael and he was very helpful in explaining the HECM purchase program. So, they could move into a smaller home and have funds left over for in home care as they got older.

So as you can see…..
Top performing Financial Advisors, Insurance Agents and Realtors have referred clients to Michael, and they have been well taken care of. Plus they have benefited from Michaels broad expertise in the industry. So, set up an appointment to talk with Michael.

Working with Michael Standard as a Referral Partner Is the easiest way to help your clients over 62 yrs of age. Because that’s the easiest way to help your clients get the best option for their Retirement years and avoid loosing their homes to Medicaid.

Studies show you can sell 9X more homes when you focus on Referrals & Repeat Customers over cold calling, door knocking, or open houses.

You’re likely not tapping into your full Referral potential. 
Here’s the data that proves it:

70% of Seniors go to a Nursing care facility for more than 16 months.
5% of Seniors have LTC insurance in place for Nursing care. 
45% of Seniors lose their homes to Medicaid and do not pass their homes along to their Heirs.
64% of Seniors want to Downsize to a better home in their retirement but they can not qualify for a traditional loan. So, Downsizing using the HECM loan for purchase is the best way.

That’s why more Seniors are referred every day to talk with Michael and learn how the HECM loan can help them in Retirement and to plan for their future.

Overview of How the HECM works go to www.HUD.Gov and search HECM

Borrower Requirements:
You must:
  • Be 62 years of age or older
  • ​Own the property outright or paid-down a considerable amount
  • ​Occupy the property as your principal residence
  • ​Not be delinquent on any federal debt
  • ​Have financial resources to continue to make timely payment of ongoing property charges such as property taxes, insurance and Homeowner Association fees, etc.
  • ​Participate in a consumer information session given by a HUD- approved HECM counselor
The following eligible property types must meet all FHA property standards and flood requirements:
  • Single family home or 2-4 unit home with one unit occupied by the borrower
  • ​HUD-approved condominium project
  • ​Individual Condominium Units that meet FHA Single Unit Approved requirements
  • ​Manufactured home that meets FHA requirements
Financial Requirements
  • Income, assets, monthly living expenses, and credit history will be verified
  • ​Timely payment of real estate taxes, hazard and flood insurance premiums will be verified

Stop Losing Listings To Referral-Focused Agents!

I remember when I first started helping a top real estate team with their marketing. We constantly lost listings to “Referral Focused” agents because they did a better job at staying in touch and building relationships.
Because we were great marketers, we had more leads. But they were hard to convert into listings because we were starting off “cold” with everyone.
It sucked to see our competition selling more homes than us and working with better-quality clients. Plus, they were working fewer hours and enjoying life.
I was referred to Michael by my Insurance agent and I worked with Michael to eliminate my Mortgage payment. Because when my husband died my income was reduced and I was struggling from his loss. Also, my finances were not enough to live comfortably in retirement and enjoy my grandkids. So, using the HECM loan was a godsend and now I can live comfortably and make sure I can pass my home to my children when I pass.

I was referred to Michael from my Financial Advisor. My career was winding down as a builder and I could not comfortably afford my home and mortgage payment. So, when Michael explained how I would eliminate my mortgage payment and live in my home for the remainder of my life. I was thrilled and my kids were happy as well, because I didn’t have to burden them in my retirement years.

Bill and I have always been travelers. We spent 10 years on the road in our motor home. It was a wonderful part of our journey in this life. But eventually our hearts led us to our home. We were ready to settle and be with our family. And what a happy time this has been, it truly has been a blessing. But as time wore on, and the cost of living going through the roof, just like many, we found ourselves in a situation where I was beginning to wonder how we were going to keep our home. We have a granddaughter who works in finance, so I decided to ask her for some advice. And that advice led us here. Michael walked us through every step and made the whole process as painless as possible. We are thanking the Lord for this new path we are on; we finally feel like we can take a second to breathe.

A little bit about Michael Standard and HERO Loans LLC. Michael. Michael loves the outdoors and always thought he would become a cowboy or cattle rancher when he was a boy.  He is an avid hunter and loves taking his kids and grandkids into the great adventures of traveling the US for game.

He has never forgotten his roots of being raised in a logging community in the Northwest. Nor his love for God, Family, and the great outdoors.

*This advertisement does not constitute financial advice. Please consult a financial expert for your specific situation. Copyright 2023 HERO LOANS LLC. 1001 Muirfield Drive Mansfield, TX 76063. All rights reserved. HERO LOANS LLC is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. To qualify for a reverse mortgage loan, the youngest borrower must be at least 62 years old. Loan proceeds are not considered income and will not affect Social Security or Medicare benefits. Your monthly reverse mortgage advances may affect your eligibility for some other programs. Consult a local program officer or your attorney to determine how, or if, monthly reverse mortgage payments might affect your specific situation. Owners are still responsible for property taxes, insurance and maintenance. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. OR, WA, TX  License Number MLO-1674259

Equal Housing Opportunity cid:image008.jpg@01D60772.00B1B240 | NMLS 1674259| Licensed in Oregon & Washington& Texas



Oregon Disclosures: Before you decide to pursue a reverse mortgage
This general information is NOT a substitution for the advice of an attorney, accountant, and/or financial planner. Before you decide to pursue a reverse mortgage, you should carefully consider your individual circumstances so you can make a wise decision about the most valuable asset you may own—your home. Factors to consider include whether the proposed reverse mortgage is a recourse or nonrecourse loan, whether the loan would have a fixed or adjustable interest rate, and/or the current and projected market value of your home.
The lender will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which the lender will add to the balance of the reverse mortgage loan.
The balance of the reverse mortgage loan grows over time and the lender charges interest on the outstanding loan balance.
At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to the person and the borrower may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or you must otherwise repay the reverse mortgage with interest from other personal assets. In order to retain the home when the reverse mortgage becomes due that (1) the consumer or the consumer’s heirs or estate must pay the entire loan balance and (2) the balance may be greater than the value of the consumer’s home.
The consumer retains title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may subject the property to a tax lien or other encumbrance or to possible foreclosure.
Interest on a reverse mortgage is not deductible from the consumer’s income tax return until the consumer repays all or part of the reverse mortgage loan.

Texas Consumer compliant
"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."
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Discover how I can help you with a HERO loan and make the rest of your life Better!

Click the button below to talk to a Referral Marketing Expert. 

Discover how I can help you with a HERO loan and make the rest of your life Better!

Click the button below to talk to a Referral Marketing Expert. 
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