Sharon Dover Announces Five Star Reverse Mortgage Division

Oct. 22, 2008 - PRLog -- Atlanta real estate veteran Sharon Dover announces the start of Five Star Reverse Mortgage, specializing in reverse mortgages available to homeowners and homebuyers ages 62 and above. The new division will complement the work of Five Star Mortgage, which Dover founded in 1999.

Five Star Reverse Mortgage Vice President Barbara Klonga states, "Regardless of what's going on in the mortgage industry, this amazing product is still available for seniors ages
62 plus.  Many have lost money in 40lKs or other retirement savings, but a reverse mortgage will allow them to continue to live the way they expected.  With the passage of the new law, (effective November 1) FHA reverse mortgage limits have been raised to $417,000. This will allow many more seniors to access more money by refinancing their present home. In the near future, a reverse mortgage will be available to purchase a home.”

Because of the mortgage's popularity, Dover formed Five Star Reverse Mortgage to focus solely on helping seniors to maintain their financial independence.  She is building on the success of Five Star Mortgage, which has become the seventh largest mortgage brokerage in Atlanta, and is also listed among the top 25 mortgage companies in Georgia according to The Atlanta Business Chronicle.

As Owner/Founder of Five Star Reverse Mortgage, Dover backs the new company with more than 30 years of experience in the real estate industry to work for her clients. Dover's success in the mortgage industry follows her career as one of the most successful real estate Broker/Owner's in the Atlanta Metro Area.

Klonga has been in the home mortgage industry for 25 years and with Five Star Mortgage for eight years.  Previously, she co-owned her own mortgage brokerage.

Reverse mortgages allow homeowners 62 and older to borrow against their home equity
without paying it back as long as they live in the home. The best part about a reverse mortgage is that the homeowner does not have to verify their income and it has no credit requirements.The concept of reversed mortgages is endorsed by AARP.

Homeowners interested in reverse mortgages may contact Barbara Klonga at 678-957-4065 for more information or e-mail her at Bklonga@msn.com.

About Five Star Mortgage:  
The Atlanta Business Chronicle ranked Five Star Mortgage as the seventh largest mortgage broker in Georgia in 2007. The firm also ranked eighth on the 2007 Georgia Association of Mortgage Brokers “Top Gun” list of the Top 25 residential mortgage brokers, making them the highest ranked mortgage broker in Gwinnett. With offices in Duluth, Five Star Mortgage offers highly competitive closing costs and interest rates on a wide array of mortgage options. The company is staffed by experienced industry leaders and employs one of only two Certified Mortgage Consultants in Georgia. Five Star Mortgage’s efficient structure is designed to save customers time, money and stress. For more information, visit www.mortgagesaroundatlanta.com or call 770.495.3516.