Welcome to Reverse4Retirement, we are reverse mortgage professionals and dedicated to helping senior citizens in California with reverse mortgages and reverse purchase home loans. We understand the needs and concerns of our clients and work with them each step of the way to make the reverse mortgage process easy and stress free.
Reverse Mortgage Know Your Mortgage Banker Whether you are a first-time homebuyer or ready to refinance, we have mortgage products designed to meet your needs, and we are dedicated to keeping the process as simple as possible. Our "in-house" underwriting, funding, and closing, and appraisers familiar with home values in your community, allow for timely processing and closing.Reverse Mortgage In Florida Other types of Reverse Mortgages also have similar protections built in. Open Mortgage – The hipp team offers Reverse Mortgages in Miami, Orlando, Tallahassee, Jacksonville, Tampa and surrounding areas of Florida. We can help you determine if a Reverse Mortgage is right for you.
A reverse mortgage is also known as a home equity conversion mortgage. According to California law, in order to qualify for a reverse mortgage homeowners must be age 62 or over, occupy the property as a principal residence, and own the home outright or have significant equity in the home. The borrower can choose to receive a monthly payment, a.
With higher home values in California, a reverse mortgage may be an ideal option for older homeowners who have equity in their Californian.
North Coast Financial is a direct hard money lender able to provide funding to refinance reverse mortgages for heirs in California. A reverse mortgage refinance .
Reverse mortgages allow homeowners 62 years or older to get a loan backed the equity in their home without having to make monthly payments on the loan. With a reverse mortgage, the lender doesn.
Reverse mortgages were supposed to offer seniors the ability to. But Reuters reported that the california reinvestment coalition found that foreclosures on reverse loans that averaged 490 a month.
Adding to the wealth of proprietary reverse mortgage offerings hitting the market this year. is currently available in California, Florida, and Texas, with more states expected in the coming months.
If you are 62 or older, reverse mortgages are a way to borrow against the equity in your home (the value of your home minus any mortgage debt you may have) to provide what may be tax-free income (often referred to as cash flow). A reverse mortgage requires no scheduled loan payments until the loan ends.
Cash recieved from the reverse mortgage is TAX FREE! Numerous Payment Options: – Lump Sum – Line of Credit – Monthly Payments OR – All Three Learn More. short online application for a free formal quote and request for further information about reverse mortgage. Get Started
Waters Introduces Bill Aimed at Reducing Reverse Mortgage Foreclosures – Rep. Maxine Waters, a California Democrat, unveiled a new bill intended to help prevent reverse mortgage foreclosures, which.