When it comes to assisting you with a reverse mortgage, we want to help you make the right decision. You’ve put a lot of effort into your home over the years and perhaps now is the time to make a few repairs around the house.
Maybe you need to supplement your income due to medical expenses or simply want to take a trip to a location you’ve always dreamed of seeing. Whatever the reason may be for a reverse mortgage, American Mortgage Management is a great place to start.
Before you make any decision, let us help you with some professional advice. We know a reverse mortgage can be a process that is a bit daunting and difficult to understand and is a term that has had some negative connotations associated with it. Fact is many people are able to live the quality of life they deserve due to a reverse mortgage.
“A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that you built up over years of making mortgage payments can be paid to you (For more info on how you can qualify for a HECM reverse mortgage, click here on this U.S Department of Housing and Urban Development page)
Basically, when you are approved for a reverse mortgage loan it means that you will not be required to make further mortgage payments as long as you live in the home and the lender may even be making payments to you.
With all the different types of reverse mortgages on the market, it’s good to talk with someone who has the knowledge you need in order to make the right decision for you and your family.
Give Kerry Worden at American Mortgage Management a call today at 510-999-0539 for sound advice and for any questions or concerns you may have.