Sequoia Mortgage Capital
Mortgage Company in Oakland, CA
A Reverse Mortgage is a special kind of loan that enables you to convert a portion of the equity in your home into tax-free cash. You can receive this cash as a lump sum, a line of credit, monthly payments or a mixture of these options. There are no income or credit qualifications and no monthly payments to make. You continue to own your home and retain full title to it. Furthermore, the reverse mortgage is not repaid until you no longer use your home as your primary residence.
Contact Details
From Website
About Us
read moreThis material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications.
The Process
read moreYou may have heard about the reverse mortgage loan on TV, on the radio, online, by receiving a mailer, or you did your own research. Meeting with a qualified Mortgage Loan Originator is key. This is where you learn about your specific numbers, what you qualify for, and receive an analysis of your particular situation. Counseling is required from an independent third-party, HUD-approved counseling agency, for all reverse mortgage borrowers. Typically this fee is paid by the borrower. Consult with your Reverse Mortgage Loan Originator and make sure you complete this as soon as possible.
- Get free estimates
- No obligation, no pressure
- Save time and money
Similar Businesses
