Aramco Group can help with your reverse mortgage

Are you a senior looking for a reverse mortgage? Then Jack Dimond and the Aramco Group is here to help you.

The Aramco Group specializes in an array of mortgages and real estate products for San Diego homeowners.

The Aramco Group does all kinds of mortgages, but specializes in reverse mortgages. Based in Carlsbad, the Aramco Group does half of all reverse mortgages in the county, said Jack Dimond, who has been working with the Aramco Group for about two years.

A reverse mortgage is a FHA insured program for seniors ages 62 and up, where they can obtain a loan to extract equity from their homes, which is ultimately paid out upon their deaths or when the last homeowner moves out of the home.

The Aramco Group can also help you purchase your dream home, refinance your current loan or consolidate debt. The company was started by Mehran Aram, a University of San Diego School of Business graduate, in 1998 after Aram spent almost five years in the industry. The Aramco Group consists of Aramco Mortgage, which handles purchase loans and finance; Aramco Financial, which handles reverse mortgages; and Aramco Properties, which handles real estate.

Dimond, who describes himself as “semi-retired,” spent decades in real estate, dealing with everything from banking to sales, large-scale land communities, custom homes and the construction of industrial, commercial and residential properties. He has spent over 25 years as the president of The Dimond Group, Ltd., which is a consulting group to large-scale clients.

Dimond was also part of the Rancho Bernardo Group, who constructed Rancho Bernardo Park in Encinitas in the 1970s.

Now, he’s working with reverse mortgages, partially to give back to his fellow seniors. “I’m semi-retired, this is kind of a new act for me,” said Dimond. “This is something I can do independently, and I can give back to other seniors (with reverse mortgages). I can help seniors allow their homes to work for them.”

Though he’s only been doing mortgages for a couple of years, Dimond said he was very familiar with finance and the other aspects of mortgages thanks to his years in real estate. “It wasn’t a huge change for me.”

Dimond said that the Aramco Group is focused on putting customers first, and will adapt to fitting your needs, including meeting in your home, at their offices, or handling things over the phone.

“We are the most experienced folks in the county (with reverse mortgages),” said Dimond. “We have more access to lenders than anyone else. We can quickly, easily and comfortably obtain loans.” Dimond also said that the Aramco Group is here to provide local, personal service to its clients.

To find out more about reverse mortgages or how the Aramco Group can help you, contact Jack Dimond at 760-579-4619 or jdimond@aramco.biz, or visit www.aramco.biz.