Are you Eligible?The conditions of a reverse mortgage typically are being 62 or older, using the house as your primary residence, and holding a low balance on your mortgage or having paid it off. Reverse mortgages can be advantageous for homeowners who are retired or no longer working but have a need to add to their income. Social Security and Medicare benefits are not affected; and the money is nontaxable. Reverse Mortgages can have adjustable or fixed rates. The lender will not take away your property if you outlive your loan nor will you be forced to sell your home to repay your loan amount even when the balance is determined to exceed current property value. Call me at 925-623-1019 to discuss your reverse mortgage options. Land/Home Financial Services, Inc. can answer questions about reverse mortgages and many others. Nathan Nelson 925-623-1019. |
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Nathan Nelson, CA-DOC/NMLS# 247654 Cell. 925.623.1019. Fax. (866).868.9136. E-Mail. nnelson@lhfinancial.com
or Call Shannon Coe Realtor #01489731
WR Properties Brentwood California
925-997-5758
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