California Home Loans- Mortgage - Refinance - Cash out

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HELOC
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Loan Purchase, Mortgage Refinance - Whatever Your Lending Requirements:
Fairfield, Oakland, Sacramento, San Francisco and San Jose, Los Angeles, San Diego, CA.
 

Reverse Mortgage - Home Ownership - Mortgage Solutions
Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender.

Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value.

Different Mortgage Loan Types
There are many different types of mortgages - make sure you do your homework to pick the one that's right for you! Below is a list of the most commonly used mortgages and a short description of each. You may also think about allowing one of our many qualified loan professionals to assist you in choosing the right loan.

15-Year Fixed-Rate Mortgage
20-Year Fixed-Rate Mortgage
30-Year Fixed-Rate Mortgage
Adjustable-Rate Mortgage (ARM)
Balloon Mortgage
Biweekly Mortgage
Fixed-Period Adjustable-Rate Mortgages
Fixed-Rate Mortgage
Home Equity Conversion Mortgage - HECM
Home Improvement Mortgages
Low Down Payment Mortgage
Reverse Mortgage
Rural Housing Loan

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