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Reverse Mortgage California Pros (1)

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Read reverse mortgage pros before you applying in California. Every good thing comes with some pros and cons, or advantages and disadvantages and the reverse mortgages have no exception. – PowerPoint PPT presentation

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Title: Reverse Mortgage California Pros (1)


1
Pros of Reverse Mortgage in California
2
  • Reversed mortgage is a type of mortgage where you
    easily avail the loan and you do not need to
    repay as long as you are living inside the house.

3
  • If you are also looking for a Reverse Mortgage
    Los Angeles, just go through the this list of
    pros before actually going for it

4
  • Pros 1
  • A reverse mortgage loans are tax-free income, so
    income-tested benefits like OAS and GIS will not
    be affected.

5
  • Pros 2
  • You do not have to be repaid until you sell your
    house, or you or your partner passes away.

6
  • Pros 3
  • Eliminates EMIs that can be a benefit for
    stretched budgets.

7
  • Pros 4
  • You can anytime clear your reverse mortgage loan.

8
  • Pros 5
  • The loan amount you owe will never surpass the
    value of your property.

9
  • Pros 6
  • If the investment market takes a downturn, the
    reverse mortgage will wait till your investments
    reach maturity or stabilize.

10
  • Pros 7
  • You won't be responsible for any shortfall if
    reverse mortgage interest rates rise or housing
    values drop.

11
  • Pros 8
  • Interest paid on the reverse mortgage is tax
    deductible.

12
  • For further information drop us a line on
    info_at_ReverseMortgageCalifornia.com
  • or
  • call us on 800-730- 6558
  • or visit our website http//www.reversemortgagecal
    ifornia.com
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