This blog is intended to educate our clients and referral partners in addition to clearing up any misconceptions surrounding reverse mortgages. I aim to provide education on what reverse mortgages are...
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This blog is intended to educate our clients and referral partners in addition to clearing up any misconceptions surrounding reverse mortgages. I aim to provide education on what reverse mortgages are and how they work so more people are aware that they are an incredible retirement planning tool. Reverse Mortgages are a great way to safely access some of the equity in your home to improve cash flow and to protect and preserve your other retirement assets.
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.
Loans Provided by OneTrust Home Loans, a dba of CalCon Mutual Mortgage LLC NMLS #46375 (www.nmlsconsumeraccess.org); 3131 Camino Del Rio North Suite 1680, San Diego, CA 92108. Corporate phone (888) 488-3807.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan. (Reference: 10 VAC 5-160-60 (F))