12727 Mt Jefferson St, Groveland, CA 95321
p: 209-962-0263 f: 209-732-5711
http://www.myequityascash.com
Email ALL REVERSE MORTGAGE COMPANY
The reverse mortgage is available to senior homeowners age 62 and over, having sufficient equity in their homes. This form of financing is called a “reverse” because usually when we take out a mortgage, we make monthly payments (forward) and eventually the mortgage is paid off.
With the reverse mortgage, we never have to make a mortgage payment. Instead, the monthly payment is added to our outstanding mortgage balance. We are guaranteed that we can keep the reverse mortgage on our homes for as long as our home is our primary residence.
Once we are out of our homes permanently -- we are not coming back -- then the family has 12 months to retrieve the home. If the family fails to act during that 12 month period, the bank will sell the home. Any money from the sale that is not needed to pay off the loan will go to the heirs you designate to receive the money.
Call and let me help you with your reverse mortgage. Having an experience team behind me with knowledge, understanding and compassionate is looking forward to helping you, quickly and efficiently secure the funding you need.