Jeffrey Lynn Bangerter
Mortgage Loan Originator
NMLS# 18361
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Call Us! 916.242.8660
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What Is A Reverse Mortgage?
A reverse mortgage is a loan that enables homeowners 62 and older, to convert home equity into income without monthly mortgage payments.
The payment stream is “reversed” and the lender makes payments to you. Of course, the borrower is still responsible for paying property taxes and homeowner's insurance and maintaining the home.
Eligible property types are single-family homes, manufactured homes built after June 1976, qualified condominiums, and townhouses.
What May I Be Able To Use The Funds For?
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daily living expenses
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home repairs or modifications
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health care expenses, including prescription drugs or in-home care
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pay-off of existing debts
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lifestyle enhancement
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prevention of foreclosure
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Payoff your first or second mortgage
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and any other needs you may have
Daily Living Expenses
Home Repairs or Modifications
Health Care Expenses, Including Prescriptions or In-Home Care
Pay-off of Existing Debts
Lifestyle Enhancement
Prevention of Foreclosure
Pay-off Your First or Second Mortgage
Other Needs You May Have
Learn More About Reverse Mortgages
Jeffrey Bangerter | Reverse Mortgage Specialist/Loan Originator NMLS # 18361
CONTACT US
Give Us A Call!
Office: 916.242.8660
