Super Fitness Health BlogReverse Mortgage Lender in Austin
A reverse mortgage is actually a property loan that supplies cash payments according to property equity.
We at Reverse Mortgage Austin have various years of encounter in lending business, we’re located at 1916 Pike Place #12, Seattle, WA, 98101, and may be reached by telephone at (253) 852-0059. We’ve also originated quite a few reverse mortgage house loans and have grown steadily during those years. We have come to be one of the larger reverse mortgage house loan lenders while the business has towards smaller non depository lenders and away in the larger banks.
The reverse mortgage lienholder can not take you residence away, even though the reverse mortgage property loan exceed the worth of the residence, as the result of depreciation. When the person homeowner passes away, the beneficiaries will inherent the outstanding payments on the reverse mortgage home loan.
With Reverse Mortgage Austin TX, which can be positioned at 1916 Pike Place #12, Seattle, WA, 98101, and can be approached by phone at (253) 852-0059, you are able to be positive that immediately after your reverse mortgage property loan in Austin has matured, your estate won’t be sacrificed. The residual, or remaining equity in your property after it has been sold is going to be transferred to your heirs. Contact us when you are positioned in Austin, or the surrounding places and want much more info about a reverse mortgage house loan.
At Reverse Mortgage Lender Austin, That is positioned at 1916 Pike Place #12, Seattle, WA, 98101, and may be approached by phone at (253) 852-0059, we understand that not everyone is qualified for a reverse mortgage house loan. Only those people who meet particular eligibility specifications will qualify for a reverse mortgage home loan.
The present lien on the property must be free of other liens and encumbrances, must be owned outright by the senior homeowner, should be their main residence, and should be a minimum of 62 years or older. The only exception to this rule is when the senior homeowner is using the reverse mortgage home loan to pay back the existing mortgage on the home.
Furthermore, the senior homeowner need to basically live on the house that is definitely being borrowed against. More house for instance commercial real estate or possibly a holiday residence that is certainly not the primary residence of the borrower could not be used.
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