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Reverse Mortgage West provides seniors and financial professionals with the reverse mortgage information they need to decide if a reverse mortgage product, JUMBO or FHA is a good choice at this time. Maybe, Maybe Not? Our goal is to provide you an excellent, clear & simple educational experience on both the JUMBO and FHA reverse mortgage products. So you can compare and decide what product could serve you the best and which product could give you the most cash.
- A JUMBO reverse mortgage can pay you substantially more cash than a FHA reverse mortgage
- FHA Lending Limit in California is a low $625,500
- JUMBO is designed for higher value homes up to a high of $6,000,000
Reverse Mortgage Basics:
+ Senior homeowner age 62 or older
+ Owns home
+ In need of cash
+ Wants to use primary residence to help finance golden years
+ The actual amount you could receive depends on borrower’s age, appraised home value, location, liens, financial assessment, and the reverse mortgage product you ultimately choose, FHA or JUMBO.
At any time , please do not hesitate to call our office and one of our professional, courteous, and experienced Reverse Mortgage Specialist will be happy to answer your questions.
415-377-4276
San Francisco |
310-462-1307
Los Angeles |
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949-607-6474
Irvine |
805-822-7236
Santa Barbara |
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