WHAT
IS A CALIFORNIA REVERSE MORTGAGE?
A California Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The California
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The California Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a California Reverse Mortgage you retain
the Title to your Home. That means with a California Reverse Mortgage
you can sell your Home at Anytime. A California Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A California Reverse Mortgage
does not affect Social Security and Medicare. With a California Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A CALIFORNIA REVERSE MORTGAGE
• Educate yourself about a California Reverse Mortgage.
• Get a free information package about a California Reverse Mortgage.
• Speak with a qualified lender about your option of a California
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a California Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a California Reverse Mortgage.
• Upon reaching a decision to pursue a California Reverse Mortgage
complete an application with a qualified California Reverse Mortgage
Specialist.
• The California Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The California Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the California Reverse Mortgage you receive your
Tax Free Cash. |
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