California Reverse Mortgages by your Sacramento Reverse Mortgage Provider

Use Your Home Equity First?

by Zachary Scott
Sep 14, 2009

Are your retirement funds dwindling?

We all know Health Care costs are rising!

Is your pension plan being altered or safe?

With this economy retirees have taken notice and the reverse mortgage with guaranteed positive cash flow and no monthly payments has become an increasingly popular tool. .

A typical mortgage refinance involves either a cash-out mortgage refinance or a home equity loan.

Times change quickly and older American property owners just don’t have the time available to grow out of this downturn.

Since everyone’s 401(k) balances and pensions plans have decreased in size, people near retirement are looking at other financial options like reverse mortgages, the federal government’s Home Equity Conversion Mortgage program.

Don’t use your nest-egg, use your home equity first!

The recent trouble in the banking industry and the shakiness of the economy has left many of us feeling jittery and strapped for cash.

The reverse mortgage loan secured by the value of your home, requires no repayment of the loan until the borrower leaves the property.

In essence, you’re able to tap your home’s equity without having to make any payment.

This great for older borrowers who don’t want to use their Social Security funds too early.

You will also avoid making taxable withdrawals from their IRA and 401(k) accounts.

Advantages start in being able to stay home

The reverse mortgages biggest benefit is homeowners can enjoy their current lifestyles and remain in their homes.

The amount owed will be paid when the property is sold and if money remains after the sale the remaining balance is returned to the property owner or heirs.

You can receive payments as a lump sum, or a stream of regular payments to supplement a monthly income.

Many programs allow homeowners to change payment options as often as they wish.

We shop many different lending institutions to offer the best reverse mortgage for you and your loved ones.

We are approved by the U.S. Department of Housing and Urban Development (HUD) and your reverse mortgage will be insured by Federal Housing Administration insurance.

As times become uncertain, the reverse mortgage is becoming an increasingly perfect option for people 62 years of age and older.

The liquidity and no minimum payments allow you to enjoy your lifestyle today without tapping into retirement funds earmarked for tomorrow.

Call Us Today at 866-309-6626 or Use the Form on this page for a free Reverse Mortgage Quote.