Best Reverse Mortgage Lenders In California (Business Opportunities - Home Business)
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Item ID 132525698 in Category: Business Opportunities - Home Business
Best Reverse Mortgage Lenders In California | |
There are two basic types of reverse mortgages that can be refinanced: traditional reverse mortgages and jumbo reverse mortgages. These products are available both to first-time clients and to existing reverse mortgage homeowners. If you’ve been wondering “Can you refinance reverse mortgages?”, we have some good news for you. Traditional reverse mortgages are Home Equity Conversion Mortgages (HECMs). Traditional reverse mortgage loan amounts range up to $822,375. These loans are federally insured by the US government and allow you to maintain your title and homeownership for the rest of your life while receiving monthly payments to supplement your retirement income. These funds can be dispersed as a one cash lump sum or line of credit to live comfortably during your retirement, pay off debts and medical bills, afford caregiving expenses, etc. This can provide you with peace of mind knowing your surviving spouse will be protected. Additionally, traditional reverse mortgages have the benefit that you can leave your home to your heirs rather than it going automatically to the bank upon passing. Enjoy no prepayment penalty with your refinanced reverse mortgage loan from best mortgage companies to work for in california.  | |
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| Target State: California Target City : Sherman Oaks Last Update : May 09, 2023 2:05 PM Number of Views: 74 | Item Owner : Asad Chaudhry Contact Email: Contact Phone: +1 888-347-6252 |
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2024-05-03 (0.389 sec)