With a Reversed Mortgage, California Seniors Can Live Better
If you live in California and are thinking about taking out a reversed mortgage, you should read on. Most people know how a regular mortgage works, but a conventional mortgage is different than a reversed mortgage, California residents will discover, in that the "borrowers" get paid instead of paying monthly payments. reversed mortgage California requirements aren't very stringent - almost any homeowner over 62 can apply, with no credit check or medical test.
For Questions About a Reversed Mortgage, California Has the Answers
With the receipt of a reversed mortgage, California homeowners can then use the monthly payments for anything they want (travel, daily living expenses, purchases of any kind). If some cases in order to receive a reversed mortgage, California homes have to be repaired or upgraded; in this case a portion of the money is allotted for this purpose. In the case of payments, a reverse mortgage is like winning a lottery. With a reverse mortgage, California homeowners can choose to get the money in one lump sum; monthly payments; or in the form of a line of credit. If it seems like a good deal, it is - a reverse mortgage, California seniors are realizing more and more, is a great idea whose time has come.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment