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Orange County Reverse Mortgages
Orange County Reverse Mortgage Providers
The following broker provides reverse mortgages in Orange County, California. Feel free to contact them regarding loan details or other information pertaining to California reverse mortgages.
Orange County Reverse Mortgage Specialists
Gateway Funding
Gateway Funding specializes in reverse mortgages and they welcome your questions. In addition to California reverse mortgages, they offer residential, commercial and other related loan products. The company is headquartered in Orange County, California, but they service the entire country for reverse mortgages and other loans.
Gateway Funding
California Reverse Mortgage Specialists
26250 Enterprise Suite 240
Lake Forest Ca 92630
Toll-free - 1-800-379-1328
Email
Reverse Mortgages in Orange County, CA.
If you are a resident of Orange County, CA. and are looking for a California Reverse Mortgage then please read on. This page contains information on the Orange County reverse mortgage. Senior Reverse Mortgage Online is a national provider of reverse mortgages, and offers loans in each city across the state. We also act as A Reverse Mortgage Referral Service, so if you prefer to work with someone in your immediate area, you can do just that. Visit our Reverse Mortgage Directory for local Orange County reverse mortgage providers. Benefits and highlights of the Orange County reverse mortgage are listed below.
A Reverse Mortgage is a federally-insured home loan that lets a homeowner convert a portion of the home's equity into cash. The equity can be paid to you, the borrower, in one large lump sum, in monthly term or lifetime payments, or be retained in an interest bearing account until the funds are needed. With a Orange County reverse mortgage, unlike a traditional home equity loan or second mortgage, NO REPAYMENT of the loan is necessary, so long as the borrower lives in the home. This makes it a good source for More Retirement Income. Additional information on the Orange County, reverse mortgage is listed below.
Orange County Reverse Mortgage Requirements:
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Orange County Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Orange County Reverse Mortgage Loan Amount
The amount of a reverse mortgage loan is based on several factors.
- >> Age of the youngest borrower
- >> Value of the home
- >> How much is owed on the home (if any)
- >> Current interest rate
To learn more about reverse mortgages in Orange County, CA. please request a free Reverse Mortgage Quote online. There is no obligation, and the information is free. You may visit the following link to return to the Senior Reverse Mortgage home page.
