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The Senior Equity Group is a Reverse Mortgage specialist based in LaCanada-Flintridge, California serving the entire state of California. We specialize in empowering, educating and enriching the senior homeowners. Reverse Mortgage programs have been there for quite a while however they found popularity amongst the Senior Americans from past one decade. A Senior Mortgage or Home Equity Conversion Mortgage provides senior homeowners to tap into their Equity that they have accumulated in their Home and utilize these funds as appropriate. We work with only the best and largest Reverse Mortgage Lenders in the industry. Our FHA/HUD approved programs and interest rates are the best available. The Senior Equity Group you give you a no obligation Reverse Mortgage Quote. Unlike other Mortgage programs Reverse mortgage does not involve a borrowers to make a Monthly payment and provides the borrower with the needed cash as they find appropriate. A Reverse Mortgage functions exactly opposite of a conventional mortgage; instead of making a payment each month, the homeowner can elect to receive a monthly disbursement into their bank account from their lender for as long as they stay in the home! The Senior Equity Group Inc. is approved with: The California Department of Real Estate License 01845044 To verify visit www.dre.gov The Senior Equity Group Inc holds an A Accredited Rating with: The Better Business Bureau (BBB) To verify our status with the BBB please visit www.la.bbb.org/Business-Report/The-Senior-Equity-Group-Inc Qualifications for a Reverse Mortgage in California: Age of Youngest Borrower must be 62 years or more. Must own a property as a Primary residence and occupy it. Property must meet FHA property standards. Maintain home with needed repairs, property taxes and Insurance. The proceeds from a Reverse Mortgage can be used to extinguish Existing Mortgages, Pay off other debts, Supplement retirement Income, Receive a Lump-Sum Cash, Set up Emergency funds, Purchase Investments, Medical Expenses, Vacation and Travel. For the entire time that you live in the home you will not have to repay the loan, meaning that you will also not have to make a mortgage payment. You retain ownership of the property, and once you pass away your heirs can opt to refinance the loan into a traditional mortgage, sell the home and pocket the proceeds, or even simply walk away and allow the Reverse Mortgage Lender in California to settle the payoff. Reverse mortgages are non-recourse loans, meaning that you will never owe more than the house is worth - in fact, the only factors that determine your maximum borrowing amount are age, home value, and loan amount. To determine how much money you can receive, call a friendly professional at The Senior Equity Group at 1-818-220-8314 for a Free, No Obligation Reverse Mortgage Quote & Reverse Mortgage Calculator!.
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Reverse Mortgage in California, Reverse Mortgage Lenders in California, Reverse Mortgage Calculator, Reverse Mortgage Quote, Reverse Mortgage Help,
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