California has experienced a growth over the past five years as more and more Seniors recognize Reverse Mortgages as a viable and increasingly popular means for them to experience a stress free and financially prosperous retirement.
California Seniors State wide have adopted Reverse Mortgage programs to accomplish such worthy and fulfilling purposes as paying off existing mortgage debt, completing home improvement projects, taking relaxing vacations, paying medical obligations, and much much more.
California Reverse Mortgages have helped California Seniors realize life without a mortgage payment, and experience the freedom that comes with a piece of mind knowing that they are able to live the final years of their life worry free.
With a California Reverse Mortgage, Seniors are provided with several options of how they would like to receive their money. They can receive it in a lump sum, or over the course of time, or they can receive a combination of both. These convenient options make it possible for Seniors to create a monthly stream of income that enables them to afford a more comfortable lifestyle. Seniors have discovered practically endless uses for the additional funds from a Reverse Mortgage.
Reverse Mortgages have been relatively easy to obtain because of the minimal requirements. They can be far easier to obtain than that of a traditional mortgage. Seniors need only adequate equity in their home to qualify – income, credit scores, and other assets do not matter.
Obtaining a Reverse Mortgage offers safety, and security for seniors. Seniors are required to meet with a third party who is not associated in any way with the financial service firm which they have chosen to work with. This third party counselor, without question makes absolutely sure that Seniors completely understand the Reverse Mortgage. This equips seniors with all the informative knowledge that they need, to make the most effective and beneficial decision in regards to a Reverse Mortgage and themselves.
After spending years paying for the American Dream (Home Ownership) Seniors can now put their hard earned efforts to work for them by creating an extra income stream from their most viable asset, their home.