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.
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.
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.
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.