Griffin Financial Mortgage - The Reverse Mortgage Source

Are You Looking for a California HECM Reverse Mortgage?

What is a California HECM reverse mortgage? First, consider how a reverse mortgage works. A reverse mortgage allows seniors (and a person who owns their own home) to exchange part of their equity for a plan of regular income. No payments are required for this reverse mortgage for the length of your days and you are still given the right to maintain the home as your main residence.

There are significant advantages to a reverse mortgage, including tax free income that can be used however you choose and the right to sell your property and keep the title to your home. Furthermore, you are not required to exceed any levels of income, have perfect credit or be in perfect health. Social Security benefits are not affected. A reverse mortgage can be a wonderful financial option for you!

Knowing what a reverse mortgage works, what is a quality California HECM reverse mortgage? A California HECM reverse mortgage refers to a Home Equity Conversion Mortgage, which is the most common form of a reverse mortgage. In recent times, there have been other financial products that operate similarly to a California HECM reverse mortgage, including a Fannie Mae Home Keeper & Home Keeper for Home Purchase plan, a Financial Freedom Cash Account plan and a CHIP Reverse Mortgage for Seniors plan.

A California HECM reverse mortgage remains the most popular plan, as it offers seniors some distinct advantages. A beneficial California HECM reverse mortgage can help you in your retirement years to guarantee income as well as relieve stress. For more information on a California HECM reverse mortgage contact for a free packet and the chance to speak to a California HECM reverse mortgage consultant. Securing a California HECM reverse mortgage is smart planning for the future!