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Woodland Hills Reverse Mortgages
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Monty Simons - Reverse Mortgage Specialist
Monty Simons is your local Woodland Hills Reverse Mortgage Specialist. He will make certain that you understand how a reverse mortgage works and help you determine if it’s right for you. He can also help you obtain a reverse mortgage, walking you through the loan process step by step.
Monty Simons - Reverse Mortgage Specialist
Wells Fargo Home Mortgage
20642 Ventura Blvd
Woodland Hills, CA 91364
Toll-free - 866.437.4285 | Cell - 818.825.6330
Email | Website
Reverse Mortgages - Woodland Hills, CA.
If you are a resident of Woodland Hills, CA. and are looking for a California Reverse Mortgage then please read on. This page contains information on the Woodland Hills 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 Woodland Hills reverse mortgage providers. Benefits and highlights of the Woodland Hills 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 Woodland Hills 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 Woodland Hills reverse mortgage is listed below.
Woodland Hills 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
Woodland Hills Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Woodland Hills 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 Woodland Hills, 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.
