Reverse mortgage information san diego - PowerPoint PPT Presentation

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Reverse mortgage information san diego

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The manufactured home must be on a permanent foundation that meets HUD/FHA specifications. The foundation work may be done at the time you apply and the cost cover from the Reverse Mortgage proceeds. – PowerPoint PPT presentation

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Title: Reverse mortgage information san diego


1
Reverse Mortgage Information SanDiego
  • http//sandiegoreversemortgage.com

2
WELCOME
  • The Reverse Mortgage Program is available to any
    Senior Citizen Homeowner 62 and older.
  • There are no Means Tests. Credit history,
    income, assets etc are not factors in qualifying.
  • As long as a Senior is 62 and owns qualifying
    property their application will be approved.

3
REVERSE MORTGAGE FEES
  • The cost of getting a Reverse Mortgage is High,
    primarily because of the HUD/FHA Mortgage
    Insurance Premium.
  • The government gets a 2.00 upfront Mortgage
    Insurance Premium based on either the appraised
    value of your home or 625,500.00, whichever is
    less.

4
FIXED RATE REVERSE MORTGAGE
  • The benefit available under the fixed plan is
    very similar to the amounts available using one
    of the adjustable rate plans.
  • The H.U.D Monthly is by far the most popular.
  • The H.U.D. Monthly Reverse Mortgage floats above
    the 1 year Treasury Bill Index. If the index goes
    up your rate will also rise. If it falls your
    interest rate will fall.

5
MORTGAGE LOANS ESCONDIDO
6
CONTACT US
  • Phone no 800-481-9999
  • Address 3045 Rosecrans St
  • San Diego, CA
  • 92110

7
THANK YOU
  • For More Details visit
  • http//sandiegoreversemortgage.com
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