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Licenses numbers:
DRE: 01515138
NMLS: 363205

Reverse Mortgage – The Basics

  • The loan amount is based upon age, the lower of FHA’s lending limit of $625,500.00 or the appraised value of the home and FHA’s interest rate.
  • A loan that allows homeowners age 62+ to convert home equity into cash while living at home for as long as you desire.
  • Can receive payments as a lump sum, line of credit, monthly payments (for up to life in the home).
  • Funds are tax-free and can be used for any purpose.
  • Loan comes due when the last remaining borrower moves out, dies, or sells the home.

Benefits of Reverse Mortgage

  • Homeowner ALWAYS retains title
  • Pay for immediate needs
  • Flexibility to get the things you want when you need them
  • Additional funds to help avoid a cash flow crunch
  • Fill gaps in existing financial plans

Reverse Mortgage provided in California, San Francisco Bay AreaReverse mortgages empower senior home owners by allowing them to:

  • Maintain financial independence
  • Control their accumulated home appreciation

 
 
 

Email Info@SimpleRMSolutions.com
Phone 925 258-0386
800 901-2750
FAX 925 265-1868
New numbers

Office number 925-258-0386
Toll Free number 800-901-2750
Cell number 925-980-6008

 

*Reverse Mortgage borrowers are required to obtain an eligibility certificate by receiving free counseling sessions with a HUD-approved agency. Family members are also strongly encouraged to participate in these informative sessions.

 

East Bay Reverse MortagesInfo@SimpleRMSolutions.com - 800 901-2750

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