Griffin Financial Mortgage - The Reverse Mortgage Source

How Can a California HUD Reverse Mortgage Help You?

A California HUD reverse mortgage is an arrangement between a HUD homeowner and a loan company. A California HUD reverse mortgage allows the homeowner to exchange a portion of equity for tax-free income. The payment can be handled as a lump sum or as regular installments. In a California HUD reverse mortgage arrangement, the homeowner does not have to make any payments for the duration of his or her life.

If you are a senior of California over the age of 62, then securing a beneficial California HUD reverse mortgage can be a very smart financial move. The income that you receive for the California HUD reverse mortgage is tax-free and can be a lifesaver during retirement when Social Security is limited. Other advantages to securing a California HUD reverse mortgage include the right to use the cash however, you wish, and with the right to sell your home at any time. You continue to keep the title, and have no worries of the California HUD reverse mortgage affecting government plans like Social Security or Medicare.

You may be wondering if there are any special California HUD reverse mortgage qualifications that you must meet. While there are some basic qualifications needed, homeowners are usually surprised to learn that traditional requirements like high credit ratings, perfect health and high income, are not expected.

If a California HUD reverse mortgage sounds like a financial arrangement that can help you, then contact Griffin Financial Mortgage at GriffinLoans.com. You can speak to a California HUD reverse mortgage consultant or order free information through the mail explaining how the program works. GriffinLoans.com’s California HUD reverse mortgage can ease the financial burden of your Golden Years and help you live a more fulfilling life—work free and worry free!