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Spread The Word - There Is A Reverse Mortgage Alternative For California Homeowners
 Financial Advisors, CPAs, insurance agents, real estate agents, estate planning attorneys, and in-home care providers in California need to know that there is a reverse mortgage alternative available.
The reverse mortgage alternative is called Equity Access. Equity Access provides monthly income to homeowners above the age of 60 (the youngest homeowner must be at least 60) in return for a share of the future value of the home.

Here are some of the features:
There are no closing costs to enter into an Equity Access Agreement No debt is incurred with an Equity Access Agreement The homeowner does not have to pay off their mortgage(s) The homeowner decides how long they want payments for (from 10 to 25 years) The homeowner decides how much equity they want to share An attorney is required to review the Equity Access offer to protect the homeowner There are no income requirements Here are the factors that determine how much monthly income the homeowner can receive: The age of the youngest homeowner The value of the home The amount of mortgage balance(s) The type of mortgage(s) How long they want payments How much equity they want to share All of this information is placed ... more

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