Whether you already have a reverse mortgage and you’re looking for a better deal, or you’re looking for the best reverse mortgage loan for senior citizens, Standard Lenders is here to help you. We set the standard for quality reverse mortgage service and would love to work with you to come up with an individualized plan for your circumstances.
Reverse mortgages allow you to eliminate monthly mortgage payments* while accessing tax-free proceeds so you can spend your money the way you need and want to. Our reverse mortgage loans for senior citizens allow California residents to comfortably stay in their homes, using their equity so they can age in place and enjoy the home they love.
Reverse mortgage loans are a great option for seniors who want more financial flexibility. Leveraging your home’s equity may be all you need to live comfortably and have peace of mind in your financial security.
*Borrower is still responsible to pay property taxes, homeowner’s insurance, and home maintenance costs.
Homeowners must be at least 62 years old to qualify for reverse mortgages in CA. There are also other requirements for financial assessments and future commitments, including paying property taxes and homeowner’s insurance. Homes must be primary residences and approved types. Attendance at HUD-approved counseling is also required for reverse mortgages in CA.
Meeting all the qualifications for reverse mortgages doesn’t mean you’re done with your research. Reverse mortgage amounts can be counted as income, which is typically tax-free. This means that reverse mortgage loans for senior citizens may affect potential borrowers’ eligibility for Medicaid under the “needs-based” requirement.
Individual circumstances will allow different rates and amounts, so individual tax consequences for a reverse mortgage in CA may vary. Contact us to get a personalized view of whether a reverse mortgage will be tax-deductible and how it can affect your finances.
Moving beyond monthly loan payments, there are other allowances that could be afforded in certain reverse mortgage circumstances. You can sell a house with a reverse mortgage if you want, taking the remaining cash after selling your owned property and paying back the loan to finance your new home. This constitutes one situation where a reverse mortgage can be bought back.
https://standardlenders.com/reverse-mortgage-loan-product/
Well, if you have a penchant for flip phones or you want to recommend or gift a simple smartphone to your grandpa, then this list will provide you the top 5 options to choose from.1.
Jitterbug FlipThis flip phone weighs only 4.7 ounces and offers two displays- a small one on the exterior for basic info like incoming calls, notifications, date and time and on the inside a 3.2-inch screen that has superior outdoor visibility.
Its unique features include the LED flashlight on the exterior that doubles as a magnifier and helps in reading small texts and the GreatCall Link app that enables family members to keep track of the user’s safety and health without encroaching in his private affairs.2.
Motorola G6 PlayThe display is 5.7 inches, with long battery life and a quad-core processor.
Apple iPhone 7Users can talk to Siri and use features like voice dial, Medical ID function, switching between text sizes, FaceTime, and plenty of other apps to keep in touch with family and friends.
The device does not need much introduction and is reasonably a square choice if you want all the necessary features in one device.5.
