Specialties
Reverse Mortgage For Homeowners age 62 or Older - No Monthly Payments & Tax Free Extra Cash Doug Quinn will work personally with you to get you the best deal. Call or click for personalized help. The Facts: - A Reverse mortgage is a specialized loan for seniors 62 and older - A reverse mortgage allows seniors to access a portion of the equity in their home. - No Monthly Mortgage Payments Ever - Borrowers maintain title and ownership of their home*. - Proceeds from a reverse mortgage are not subject to personal income taxation, but borrowers should seek tax advice on how proceeds may effect government needs-based programs such as Medicaid and Medi-Cal. - It is not a government grant, but a loan that is repaid in the future when the home is sold or the last borrower dies or permanently leaves their residence - A reverse mortgage is eligible only for the borrower's primary or principle residence - HUD counseling (from an independent HUD-approved third party counselor) is required prior to the borrower incurring any costs associated with the loan Is a Reverse Mortgage HECM loan right for you? However, it is not a decision to be taken lightly. It's important to work with an experienced originator who can help you assess your unique situation to determine if a reverse mortgage is right for you. See www.ReverseMortgageWarrior.com for all required government disclaimers.