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Best Reverse Mortgage Company, Golden Opportunity Mortgage Publishes “Do You Know the Benefits Of a Reverse Mortgage?” Offers Free Download to Local San Diego Residents. Continue reading
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Aug 29, 2015 /prREACH/ -- Golden Opportunity Mortgage, a San Diego Reverse Mortgage Lender has just released an informative free report called “Do You Know the Benefits Of a Reverse Mortgage?”
“For many seniors who own a home or carry a low mortgage payment, a Reverse Mortgage is an excellent way to supplement retirement planning by converting equity into cash. With low risk, built-in protections and no monthly payments, a Reverse Mortgage can be a smart, practical way to go,” said Eric Meehan, president of Golden Opportunity Mortgage. Here’s some more information and a few of the benefits of securing a Reverse Mortgage.
Home Ownership With No Mortgage Payments - One of the concerns that people have with a Reverse Mortgage is the idea that they lose ownership of their home, but this is not the case. With a Reverse Mortgage, the Lenders do not own the home any more than they do with a regular conventional loan.
As long as homeowners adhere to the loan terms, and stay current with taxes and insurance, they remain on title and are the sole owner of the home. Plus, unlike with a traditional mortgage, where homeowners are required to make monthly payments, with a Reverse Mortgage there are no payment due. The loan is repaid, when the home is sold.
Protection Is Built-In - Another attractive benefit of a Reverse Mortgage is the fact that homeowners are protected if the housing market declines. In fact, the federal government insures these loans, and that means increased security for homeowners. In the event that the outstanding loan is higher than the value of the home when it is sold, federal insurance pays the difference. Bottom line, the loan is paid in full with the proceeds from the home only and nothing more from the homeowner.
Disbursement Is Customized To Fit Homeowner Needs - Like most seniors, homeowners’ needs are unique and what works for one person, may not be the best choice for other. Luckily, homeowners have options in how their Reverse Mortgage funds are disbursed, making it easier than ever to fit their lifestyle. Homeowners can customize how funds are disbursed with one of the following options:
· Have the funds delivered in full or partial sum · Create a line of credit · Receive monthly payments · Choose a combination of the above
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
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