Los Angeles, California – May 25, 2017 – Reverse mortgages are home loans for qualified homeowners above 62 years old who will continue to live in the property as a primary residence. The lender then provides some combination of monthly payments, a lump sum, a line of credit, or whatever combination of the above works best for the borrower.
The main advantage of this type of mortgage is that no repayment is required through the lifetime of the borrower, until they move out, defect on the other obligations such as taxes or insurance, or when the specified period of the loan ends.
The maximum value of the loan is also capped at the value of the home in most cases, so it is a safe loan to use in order to keep estates intact. In fact, a reverse mortgage is a non-recourse loan. This means you or your heirs can never owe more than the market value of the property. This type of loan can help you to move your life forward if:
• You need extra help paying for living expenses
• You want to travel
• You need help paying for healthcare and in home care costs
• You need to replenish your savings
• You need temporary financial assistance before you begin receiving pension or annuity payments
• You want to improve your living standards in retirement
• Or anything else you can think of that money can buy!
Video Link: http://www.youtube.com/embed/qgwVadxfPyc
About Meshawn Davis, MBA – Reverse Mortgage Professional, RMP:
Meshawn is a reliable and trustworthy reverse mortgage professional providing reverse mortgage solutions for elderly clients who are looking for hassle free retirement years. Meshawn is a leading reverse mortgage specialist who has been working in the industry for more than 10 years. As a trusted name in this field, she has already helped numerous families to effectively realize their retirement aspirations and dreams by utilizing the reverse mortgage line of credit option. By discussing the individual needs of elderly clients to explaining to them about the various options of all reverse mortgage programs, Meshawn Davis and www.SafeReverseMortgage.org can make sure that her clients have the best support for all of their mortgage needs. She also provides Reverse Mortgage Solutions in Florida, Texas and Colorado.
To learn more about Meshawn Davis &Integrity Credit Corporation, visit http://www.safereversemortgage.org
This information is not from HUD or FHA and was not approved by the Department or Government Agency. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments.
Meshawn Davis | Reverse Mortgage Professional
NMLS# 257124 | BRE# 01444956
Integrity Credit Corporation
NMLS #1075823 | BRE #01932410
Company Name: Integrity Credit Corporation
Contact Person: Meshawn Davis | Reverse Mortgage Professional
Address:400 Corporate Pointe, #300
City: Culver City
State: CA 90230
Country: United States