Hi, I am Jonathan a retired school teacher
from California. After teaching in the public school for more than 35 years, it
was a tough call for me to sit back at home at once. Until that time, I had
managed to build my own property in California. It is a beautiful duplex
apartment. It was 62 at that time living with my wife. My kids had settled down
on their own outside California. This was the time a friend suggested me about Reverse Mortgage California. I was not
aware about the concept of the reverse mortgage.
Later on, my wife too suggested me to have
more information about Reverse mortgage California. I went on the internet to first find out about reverse mortgage
first. The home equity conversion mortgage interested me a lot. After having a
discussion with my wife, we further inquired about Reverse Mortgage California.
Let me assure you that Reverse Mortgage California is one of the most trusted names in the reverse
mortgage industry. With the increasing trend in the reverse mortgage, this
company will certainly lead you to most reliable and skilled reverse mortgage
lenders in California. You just have to fill a simple form available online to
have a retired life you always dreamed off while working.
After a further inquiry, I even came to
know that this company is the best for reverse
mortgage in San Diego and also reverse mortgage in Los Angeles. Their mission is simple: To act as an intermediary
between senior citizens and mortgage lenders in California.
This is a blessing for a retired person
like me. I have benefited a lot from Reverse
Mortgage California. Just to mention for those who already have a reverse
mortgage that this company also offers reverse mortgage refinance. This scheme
really helped one of my colleague from the public school.
However, you need to be eligible to have
the reverse mortgage for your property. Let me share my experience with you, on
how I made myself eligible for reverse
mortgage in California.
· Primarily I celebrated my 62nd
birthday with my family and friends. Yes, you need to be 62 plus to be eligible
for the reverse mortgage.
· Then I made sure that I have
paid the full amount of my property. It is necessary to have outright ownership
of the property or at least you should have paid a considerable amount.
· I stayed with my wife in my
duplex apartment. This made me eligible for reverse mortgage in California, as it is mandatory to have the
property as your principal residence.
· I made sure that I have no
dues. A person should not be aberrant on any federal debt.
· I kept my accounts clear with
everyone. In my entire teaching career, I have taught students to follow the
same principal. It is mandatory that a person applying for reverse mortgage be
should not be aberrant on ongoing property charges like property taxes, insurance
and Homeowner Association fees, etc.
· I made some time and attended
the reverse mortgage program to enlighten my knowledge about reverse mortgage. Anyways
it is obligatory to attain session on reverse mortgage organised by a HUD-
approved HECM counsellor. I came to know about it through Reverse Mortgage California.
· This one was a sheer luck for
me I guess. However, I had really never had reverse mortgage in mind but my
property exactly meets the criteria for the scheme. It is mandatory to have
your home to be HUD-approved condominium project or in other cases, your property
shall meet the requirement of FHA.
By now, you might have got a fair idea about
reverse mortgage. If you want a better knowledge, you can contact Reverse Mortgage California. Always
remember, it is better to have a good guide on an unknown journey.
