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Types of Reverse Mortgage Loans

We have information on the different types of reverse mortgage loans. Certain kinds of reverse mortgage loans may be a better option depending on your situation. Take a look at what makes each of these loans different and Reverse Mortgages of Southern California can help you figure out which solution is the best for your financial needs. Make an appointment with us to see how a reverse mortgage can provide you and your family with an extra source of income.

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HECM

HECM loans are the most common kind of reverse mortgage that most seniors are interested in getting. Take a look at the benefits of this kind of reverse mortgage and how it can help you and your family.

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Use HECM Saver to reduce payments

HECM Saver

HECM Saver is the perfect option for seniors that are interested in taking out a smaller reverse mortgage loan. The premium for this loan is much less than the premiums of a traditional HECM loan.

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HECM Line of Credit

A HECM line of credit is an option where seniors can use the equity held in your home similarly to a credit card. Instead of receiving a large lump sum, seniors can use their line of credit to decide how much they can borrow.

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UseHECM for purchase of a more suitable home

HECM for Purchase

If you are a senior that wishes to move into a more suitable residence, talk to us about a HECM for purchase. This is a great option for seniors who are thinking of moving so that they are closer to their families.

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