Reverse Mortgage Company San Diego Publishes Free Reverse Mortgage Report

Best San Diego Reverse Mortgage Lender, Golden Opportunity Mortgage Publishes 7 Top Reverse Mortgage Myths – Fact Versus Fiction. Offers Free Download to Local San Diego Residents. Continue reading →

Jul 10, 2015 /prREACH/ -- Golden Opportunity Mortgage, a San Diego Best Reverse Mortgage Lender has just released an informative free report called 7 Top Reverse Mortgage Myths – Fact Versus Fiction.

“Reverse Mortgages can be an effective financial tool for seniors who want to tap into the equity of their home that they’ve built up over time,” said Eric Meehan, president of Golden Opportunity Mortgage.  “In addition, a Reverse Mortgage for purchase can let the homeowner use a cash down payment to get into a more suitable home and not have to worry about making monthly payments,” continued Meehan.

“The problem is that due to some bad lenders that generated some bad press, Reverse Mortgages have gotten a bad reputation,” said Meehan.  As a result, many people who might have benefited from using a Reverse Mortgage Lender San Diego, had to find other less desirable ways to handle their home financing.

Having seen all the confusion surrounding Reverse Mortgages first hand, Meehan decided that he would write a special report to clearly separate Reverse Mortgage “fact from fiction.”  The report is free and is available on the company website.

“Seeing how so many people had so many misconceptions about Reverse Mortgages, I decided to create a guide to help as many people as I could.  The information contained in the guide directly came from concerns and questions that my Reverse Mortgage clients were always asking me,” said Meehan.

The guide which takes only a few minutes to read is intended to address some of the Reverse Mortgage myths including:

- If someone takes out a Reverse Mortgage will the lender own the home - The borrower's children will be responsible for the repayment of the loan. - Someone can’t get a Reverse Mortgage if they have an existing Mortgage. - Only low-income seniors get Reverse Mortgages. - If someone outlives their life expectancy, the lender will evict them - There are restrictions on how Reverse Mortgage proceeds may be used. - Reverse Mortgage lenders take advantage of seniors.

To learn more about Reverse Mortgages and to get a copy of the free guide - 7 Top Reverse Mortgage Myths, consumers are encouraged to call 858-225-6292 or visit http://GoldenOpportunityMortgage.com

About Golden Opportunity Mortgage The mission of Golden Opportunity Mortgage is to fulfill the dreams of future and current homeowners by providing them with safe and affordable home financing options.  They personally see that every transaction is handled with the most professional, ethical, and efficient manner possible so when it is completed their clients are fully satisfied.

Eric Meehan, Owner and President of Golden Opportunity Mortgage, has over 10 years of experience in the Mortgage industry as a Licensed Loan Originator here in San Diego, California.  Together with his team, Golden Opportunity Mortgage offers a very hands-on approach in working with clients to find and finance their next home.

To learn more about Reverse Mortgages and to get a copy of the free guide - 7 Top Reverse Mortgage Myths, Fact or Fiction, consumers are encouraged to call 858-225-6292 or visit http://GoldenOpportunityMortgage.com