NMLS: 337919

CA BRE: 01454300

Reverse Mortgage

If you own your home and are 62 years or older, you may be eligible for a reverse mortgage. Basically, this allows you to convert part of the equity in your homes into cash.

 

Designed to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care. Although there are no restrictions on how you use the funds from your reverse mortgage.

 

They call it a reverse mortgage because instead of you making monthly payments to the bank, the bank makes payments to you.

 

If you qualify for a reverse mortgage, you will not be required to pay back the loan until the home is sold or otherwise vacated. You simply need to live in the home to avoid requirments to make monthly payments towards the loan balance. You must, however, remain current on property taxes, homeowners insurance and homeowners association dues (if applicable).

 

Working with LifeSource Mortgage

  • Exceptional Personalized Service—As a small, independent, family mortgage company, we care about our clients and our reputation. Serving you is our priority.
  • The Best Mortgage Rates—We have the ability to shop interest rates from several lenders. Doing so gives our clients the best rate for their mortgage.
  • Increased Chance of Approval—Combining the service of our knowledgeable loan officers with our access to several lenders gives us the ability to find the lender who will offer the highest probability for your home loan approval!

 

Give us the opportunity to earn your trust and prove why we're the best in California!

 

MORTGAGE CALCULATOR

Begin your home loan process today. LifeSource Mortgage advisors are standing by to assist you. Get your personalized rate quote—FREE!

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Contact Us

Office: (949) 492-2252

Cell: (949) 274-1907

Email: info@LifeSourceMortgage.com

 

Orange County Office

1238 Puerta del Sol, Suite 2E

San Clemente, CA 92673

 

LifeSource Is Your
California Mortgage & Refinance Specialist

Real Estate Broker, California Bureau of Real Estate, License #01869699, NMLS #321759

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