Express Funding Mortgage Offers Reverse Mortgages or Home Equity Conversion Mortgage (HECM) Loans

Express Funding can do a reverse mortgage HECM or conventional mortgage with some of the lowest rates and fees in the state of California.

A reverse mortgage is a loan and you are borrowing against your home equity.  However, unlike traditional mortgages, with a reverse mortgage you don’t have to pay back the money borrowed as long as you are living in the home.

For many senior households, housing is usually the most costly expense.  A reverse mortgage enables you to eliminate ongoing mortgage payments, and for borrowers with sufficient home equity, access cash to use as needed or desired. However, the decision to secure the loan can be complicated and confusing.

At Express Funding in San Diego we take the guesswork out of the reverse mortgage process, and help senior citizens supplement their income, and pay their monthly bills by utilizing the equity in their home. Many of our clients needed help with their medical bills and getting a reverse mortgage can be the perfect solution. Unlike refinancing you are able to utilize a percentage of the equity in your home, and not incur any future monthly payments. The bank simply utilizes the equity in your home as payment. Property taxes, Maintenance and Insurance payments are your responsibility.

With today’s Federal regulations in place the Federal Trade Commission or (FTC) requires that you understand what a reverse mortgage is and what products you qualify for and are available to you.

In San Diego or anywhere in California, we are ready to assist you in choosing the reverse mortgage that best fits your needs. Call us today at 858-259-3980. The reverse mortgage pays you from the accumulated equity in your home and the bank or lender receives money when you sell your home, move to another residence or die.

Imagine the advantage of being able to live in your home while receiving a guaranteed payment every month. Let our reverse mortgage consultants identify a program that you qualify for and meets your needs

There are 3 types of reverse mortgages that are available, depending on what you qualify for.

  1. Single Purpose Mortgage
  2. Federally Insured Reverse Mortgages (HECM)
  3. Proprietary Reverse Mortgages

Of course there are eligibility requirements, disbursement of funds and many other factors that must be addressed as a consequence of your reverse mortgage. We will work on your behalf to educate, explain and find the best program for you and you’re family. Call our reverse mortgage specialist today and receive a free consultation. It is in your best interest to understand and know the best reverse mortgage solution for you.

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