Sharon Dover Opens Five Star Reverse Mortgage

Because of the recent downfalls of the US economy, many retirees have lost their 401Ks or other retirement savings that they were dependent upon to live a life they had worked so hard to achieve. Sharon Dover, owner of Five Star Mortgage in Atlanta, has created a new division within her company to give these adults options.

The new division, Five Star Reverse Mortgage, will specialize in reverse mortgages for homeowners and homebuyers ages 62 and up. Dover formed this division to solely focus on helping seniors maintain their financial independence in such a difficult economic time.

A reverse mortgage allows homeowners 62 and over to borrow money against their home equity without having to pay it back as long as they own the home. Reverse mortgages do not require credit checks or a verification of income, and the concept is endorsed by AARP.

Dover founded Five Star Mortgage in 1999 and since then the company has grown rapidly. The Atlanta Business Chronicle even placed Five Star Mortgage on their “Top 25 Mortgage Companies in Georgia” list. Sharon Dover has over 30 years experience in the real estate industry and really feels like a reverse mortgage through Five Star Mortgage is a great option for homeowners 62 and over looking to continue to live the life the way they had originally planned.