California Reverse Mortgage Company

 
      Tim Dyckman
 

California Reverse Mortgage Company

 
      Mary Ann Wilson
 
Equal Housing Lender


EducationCalifornia

How is a reverse mortgage different from a conventional loan?

  • There are no monthly mortgage payments
  • There are no income qualifications.
  • Loan repayment is not due until:
    • Borrower(s) move out.
    • Borrower(s) sell the property.
    • Borrower(s) pass away.

Let's add up the benefits of a reverse mortgage.

  • You get to stay in your home and retain ownership.
  • You satisfy your financial needs and wants.
  • You get the resources to maintain your lifestyle and financial independence.
  • You can use the reverse mortgage as an
    estate-planning tool (see your tax advisor).
  • Has no effect on Social Security and Medicare.
  • Currently the IRS treats the monies received as
    non taxible income.