ellen j. connors
Senior Loan Officer,
Certified Reverse Mortgage Professional,
NMLS # 556465
Shamrock Financial Corporation
NMLS # 2227
75 Newman Avenue
Rumford, RI 02918
911 Main Street
Osterville, MA 02655
Offering Reverse Mortgages and a variety of Traditional Mortgages
Providing mortgage lending needs to Older Americans, Ellen consults clients, families and trusted advisors on financing options. Ellen brings over 35 years of knowledge and experience to her roles as a Mortgage Loan Officer and Certified Reverse Mortgage Professional.
She specializes in reverse mortgages; asking thought-provoking questions and having dialogues considering a variety of financing options to help consumers make good choices for themselves.
Concurrently, Ellen enjoys helping clients with purchase, refinance and other residential loan transactions.
Ellen prides herself on learning about the needs of her clients to find solutions for each situation.
The most commonly known reverse mortgage is the Home Equity Conversion Mortgage known as the 'HECM', an FHA program*. This loan enables older homeowners (62 or older) to convert part of the equity in their homes into cash without having to sell the home or give up title. The money can be used as tax-free income, funds to payoff an existing debt such as a mortgage, or to create a line of credit, all without having a new monthly mortgage payment.
*independent counseling is required