Reverse Mortgage

May 15, 2017

Reverse mortgages Rancho Santa Fe, CA

What are reverse mortgages? As opposed to making monthly payments to your bank, the lender sends money back to you instead. In other words, the stream of payments goes the opposite direction from what borrowers are used to. Reverse mortgages give retirees a simple way to tap their home equity without the risk of a conventional mortgage or having to sell their property and move to a cheaper housing. Here are some important facts about reverse mortgages, Rancho Santa Fe, CA: They have various payout options for you to tap your home equity. Five different payment plans are available. One type of payment involves taking equal monthly payments that run as long as one borrower is alive and resides in the home as a principal residence. A fixed term of years of payments is also available; after the specified term of payments, you will stop receiving monthly payments even if you are still living in the home. A flexible line of credit is also available; this gives you the choice on how much and when to take money out based on the maximum amount of the line. No access to the full equity. Reverse mortgages only offer a part of your home equity. The maximum mortgage amount is computed by the FHA based on the age of the youngest borrower, the appraised value of your home, and the prevailing interest rates. It is important to note also that borrowers have to pay the costs of a reverse mortgage such as […]
May 24, 2017

Reverse Mortgage Orange County CA

Looking for the best reverse mortgage with the lowest mortgage rates in Orange County, CA! Call HomePlus Mortgage! 800.810.7587 We Offer the Highest Level of Personalized Customer Service and the Most Competitive Rates in the Industry. Looking for the best reverse mortgage in Orange County? You need to talk with the mortgage professionals at Home Plus Mortgage! Home Plus Mortgage ensures that you get the absolute best rate with the best Home Loans in the current Orange County mortgage loan market.   Pick up the phone and call us right now! Our goal is to provide you with the highest level of service and most convenient, competitive mortgage loan refinance. Now is the time to take advantage of the lowest mortgage rates we’ve ever seen! Don’t wait, interest rates can’t stay this low forever. – Home Loans – FHA Loans – VA Loans – 30 Year Loans – 15 Year Loans – 7/1 ARM – 5/1 ARM – Jumbo Loans – Low Interest Rates – Pre-Approved Loans – Refinance Loans – Cash Out Loans – Debt Consolidation – Mortgage Calculator Even if you’re working with another lender, there’s no obligation and it’s highly likely that we’ll get you a better interest rate and save you a ton of money over the life of your home loan refinance. With our large selection of programs, we can often qualify you for a home loan even if you have been turned down elsewhere. Don’t make a mistake! Home Plus Mortgage professionals are dedicated […]
June 9, 2017

Reverse Mortgage La Jolla CA

Looking for the best reverse mortgage with the lowest mortgage rates in La Jolla, CA! Call HomePlus Mortgage! 800.810.7587 We Offer the Highest Level of Personalized Customer Service and the Most Competitive Rates in the Industry. Looking for the best reverse mortgage in La Jolla? You need to talk with the mortgage professionals at Home Plus Mortgage! Home Plus Mortgage ensures that you get the absolute best rate with the best Home Loans in the current La Jolla mortgage loan market.   Pick up the phone and call us right now! Our goal is to provide you with the highest level of service and most convenient, competitive mortgage loan refinance. Now is the time to take advantage of the lowest mortgage rates we’ve ever seen! Don’t wait, interest rates can’t stay this low forever. – Home Loans – FHA Loans – VA Loans – 30 Year Loans – 15 Year Loans – 7/1 ARM – 5/1 ARM – Jumbo Loans – Low Interest Rates – Pre-Approved Loans – Refinance Loans – Cash Out Loans – Debt Consolidation – Mortgage Calculator Even if you’re working with another lender, there’s no obligation and it’s highly likely that we’ll get you a better interest rate and save you a ton of money over the life of your home loan refinance. With our large selection of programs, we can often qualify you for a home loan even if you have been turned down elsewhere. Don’t make a mistake! Home Plus Mortgage professionals are dedicated […]
June 25, 2017

Some benefits of reverse mortgages, San Antonio, TX

Reverse mortgages, San Antonio, TX are one of the options you can take when shopping for home loan. But what exactly are the benefits of this particular type of loan? In this post, we’ll be sharing some benefits that might help you decide whether to go for it or not. No monthly payment required. This is why reverse mortgages are attractive to borrowers. Instead of paying monthly premium, payments are made to you; that is, as long as you live in your home. Indeed, quite different from a traditional forward mortgage. You remain the owner of your home. Contrary to the popular belief that the lender takes ownership of your home, a reverse mortgage allows you to remain as the owner of your property; that is, as long as you comply with the terms of the loan and religiously pay your taxes and insurance. There are several options of disbursement. Lenders recognize the fact that each and every senior has different needs; thus, several disbursement options are available for you to choose from. You can choose to receive funds in full or partial sum, monthly payments, a line of credit, or a combination of any of the options. Housing market protection. If there are market declines mortgage, no worries as you are protected. The reason is that reverse mortgages, San Antonio, TX are insured by the federal government. With federal insurance, there is greater security. If the loan ends up to an amount that is more than the value of […]