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Reverse Mortgage - Information on Reverse Mortgages

Reverse Mortgage

Reverse mortgage loans can meet your retirement needs if you currently own a home. Like the name "Reverse mortgage" implies, instead of making payments to pay-off a mortgage a reverse mortgage makes payments to you. Reverse mortgage loans can provide you additional income in your retirement years which can improve you quality of life.

About The Reverse Mortgage

Reverse mortgages allow you to receive a monthly payment each and every month that does not require repayment. Reverse mortgages are designed to assist senior home owners who have accumulated most of their wealth in real estate. A reverse mortgage can also be used to refinance existing mortgages to eliminate monthly payments if you are on a fixed income but certain restriction will apply.

Qualifying For a Reverse Mortgage

Qualifying for a reverse mortgage is much simpler than qualifying for a traditional mortgage. The basics of qualifying for a mortgage are fairly simple:

 

bulletYou must be at least 62 Years old
bulletYou most own a home

 

Those are the basic rules for a reverse mortgage. Income, credit, savings are NOT used when qualifying for a reverse mortgage loan.

Free, No Obligation, Reverse Mortgage Consultation from a Reverse Mortgage Lender

Would you like to learn more about reverse mortgages and how you can take advantage of the reverse mortgage loan program. If so, please feel free to complete the following form:
 

Name
Home Phone
Email Address
Home Address
City
State Zip
Your Age - Spouse Age
Amount Owed on Home
Value of Home
Best Time to Contact You
 

* Please press the submit button only once when completing this reverse mortgage consultation form.

 

If you have any questions or would like to speak to us directly, feel free to call (800) 931-7377.

 

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Reverse Mortgage Information

Here are links to additional reverse mortgage information and reverse mortgage sites.

 
bullet FHA reverse mortgage loans
bulletAARP
bullet FTC Information on reverse mortgage
bulletHud Info
bulletConsumer Information on reverse mortgage
bullet NRMLA

 

California Reverse Mortgage Lender

This information on California reverse mortgages is provided by Jessie Beaudoin, your California reverse mortgage lender. If you have any questions regarding obtaining a California reverse mortgage, please feel free to contact me at: 800-931-7377.

 

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