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Reverse Mortgage Loans

 

What is a reverse mortgage?

A reverse mortgage is a FHA government insured loan that enables a senior homeowner to access a portion of the equity in their home ,tax free. The loan amount is based on the homeowners age and the current value of their home. Unlike a traditional home loan, the homeowner is not required to make a payment on the home as long as they occupy the home.

Major benefits of a reverse mortgage:

  • Eliminate house payment forever
  • Supplement your retirement income
  • Fund your long term health care
  • Retain full title and ownership of the home

Who Qualifies?

  • Must be 62-years of age or older
  • Must own a home
  • Home must be your main residence (may be a single family, condominium or manufactured home)

Reverse mortgage requirements

  • No income
  • No assets or savings
  • No credit or fico score

If you are a senior homeowner nearing retirement, a reverse mortgage may be an excellent way to access the equity in your home.

Call our office to find out more about a Reverse Mortgage.

Questions call: 800-451-8330
Our reverse mortgage consultants are Available 8:00 am to 6 PM PST

Robert Davenport

Robert Davenport
President

 

It only takes a minute to get a quote...

 

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San Juan Capistrano, Ca 92675
949-852-3911 - Fax: 949-851-9056