Reverse mortgage loans are not what they used to be; they are much better now. A new reverse mortgage loan with Steve Davidson at Financial Solutions Home Loans could be the optimal retirement strategy you need for a worry-free and less
With a reverse mortgage, you can make payments if you want to, but you do not have to. A reverse mortgage is a unique loan that allows homeowners 62 years or older to draw on the value of their home, which is paid out in a variety of ways. A reverse mortgage from Financial Solutions Home Loanscan help you to:
- Pay off your current loan, have no monthly mortgage
- payment and improve your cash flow.
- Supplement your retirement income with tax-free funds.
- Pay for home improvements.
- Cover medical or in-home care expenses.
- Set up a standby line of credit to access whenever you may need it.
- Purchase a new home.
- Refinance your existing Reverse loan and lower your interest rate and receive addition cash.
- Help to separate the equity of your home in the event of a divorce.
- Take the trip of a lifetime.
Financial Solutions Home Loans also offers jumbo reverse loans up to $4-million and the minimum age is lowered to 55 years young. This loan is available on both purchases and refinances. With a new reverse loan you still own your home, and you will never owe more than your home is worth. Any equity remaining when you move out is paid to you or your heirs. If you owe more than the home is worth, there is no recourse or liability to you or your estate. You are responsible for paying your property taxes and insurance, plus upkeep on the house.
Steve Davidson lives full time in the Coachella Valley, has over 35 years’ experience in the mortgage business and has closed over $2 billion in home loans. When you call Steve, you will not talk to an out of state call center, but directly to Steve Davidson, and he will personally help and guide you on every step of the loan process.
Please call 760-980-7779, email Steve@reverse4you.com or visit www.Reverse4You.com.