Your Reverse Mortgage can be used for more than one purpose – Maintenance Costs, Fuel, Insurance, Taxes and Home Renovations all can be paid using a Reverse Mortgage.
What a Reverse Mortgage Loan does is enable Homeowners who are at least 62 years old convert part of their home equity into cash without having to give up ownership of their homes. Jake Shenkman works on getting seniors connected with Reverse Mortgages and has helped them with upgrading their homes in order to meet the accessibility needs that they have and much more.
Get your lender to pay you instead of needing to make payments to them each month. It is the reverse of a traditional mortgage, which is why it is called a Reverse Mortgage. How much you will qualify to borrow is usually based on your home equity, your age and the interest rate that Priority Financial Network offers you. You also won’t be required to make any repayments of servicing fees, interest or principal for the entire time you are living in your home.
Your Reverse Mortgage can be configured by Jake Shenkman so you are paid in the following way:
– Through a Line-of-Credit
– In Monthly Advances
– In a Lump Sum
– In combination of the three above
Our responsibility is to guide you through the entire process, and we will do it with the utmost consideration and compassion. Get your Reverse Mortgage Loan free consultation scheduled by calling (818) 936-3835 or fill out our “Call Me” form and upon receipt we will contact you.