Reverse Mortgages

 

Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender.


Most reverse mortgages require you be at least 62 years of age, have a low or zero balance owed against your home and maintain the property as your principal residence.


Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. You can also use it to remodel, go on vacation or buy that new motorhome or Harley you have your eye on. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value.

 

Please give me a call to find out if a Reverse Mortgage is right for you.

See if you Qualify for a Reverse Mortgage.

With a Reverse Mortgage, your equity in your home can provide you
with the lifestyle you deserve. Please fill in some basic information to
see if you qualify for a Reverse Mortgage.
 
Borrower Information
*Name:
*Email:
*Phone:
*Age:

Home Information
*Current Loan Balance (if any):
Current Property Value (estimate):
Street Address:
City, State, Zip Code:

Note: Fields with an * are required

 

Please don't hesitate to contact me with any and all questions that you may have, I am here to help.

Thanks, Jason Farthing

CA. DRE. Broker # 01380410


United Capital Mortgage Solutions 92 Nightingale Dr. Aliso Viejo, CA 92656
Phone: Cell: Fax:

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