Welcome!
Licenses numbers:
DRE: 01515138
NMLS: 363205
Reverse Mortgage – The Basics
- The loan amount is based upon age, the lower of FHA’s lending limit of $679,650.00 or the appraised value of the home and FHA’s interest rate.
- A loan that allows homeowners age 62+ to convert home equity into cash while living at home for as long as you desire.
- Can receive payments as a lump sum, line of credit, monthly payments (for up to life in the home).
- Funds are tax-free and can be used for any purpose.
- Loan comes due when the last remaining borrower moves out, dies, or sells the home.
- It is the homeowners' responsibilities to stay current on taxes and insurance and keep the home maintained, as conditions of loan.
Benefits of Reverse Mortgage
- Homeowner ALWAYS retains title
- Pay for immediate needs
- Flexibility to get the things you want when you need them
- Additional funds to help avoid a cash flow crunch
- Fill gaps in existing financial plans
Reverse mortgages empower senior home owners by allowing them to:
- Maintain financial independence
- Control their accumulated home appreciation
Email |
Info@SimpleRMSolutions.com |
Phone |
925 258-0386
800 901-2750 |
FAX |
925 265-1868 |
New numbers |
Office number 925-258-0386
Toll Free number 800-901-2750
Cell number 925-980-6008 |

*Reverse Mortgage borrowers are required to obtain an eligibility
certificate by receiving free counseling sessions with a HUD-approved
agency. Family members are also strongly encouraged to participate
in these informative sessions. This material is not from HUD or FHA and has not been approved by HUD or a government agency.
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