Advent Mortgage of California: Experienced Reverse Mortgage Lenders for Planning Retirement Strategy and Financial Independence
(San Diego, California) The experienced reverse mortgage specialists at Advent Mortgage have been planning retirement strategy with their clients since 1985. For many people nearing retirement, a reverse mortgage can create financial independence and make the difference between a meaningful and enjoyable retirement or a life of constant financial struggle.
Many questions exist about how reverse mortgages work and the pros and cons of utilizing this retirement financing vehicle. Advent Mortgage’s website at www.Reversemortgagecalifornia.com is loaded with useful information about California reverse mortgages, key benefits, answers to common questions, reverse mortgage loan rates, and the loan process. Visitors can also download the free consumer handbook entitled Home Made Money for additional information about reverse mortgage plans.
A reverse mortgage allows senior homeowners to convert part of their home equity into income, without having to sell it, give up the title, or make any monthly payments. Homeowners who are age 62 or older and use the home as their primary residence can qualify for a California reverse mortgage. This is completely tax-free income and does not affect eligibility for Social Security Income (SSI) or Medicare benefits. Incredibly, credit history has absolutely nothing to do with the ability to obtain a reverse mortgage and even people with the worst credit will qualify.
California reverse mortgage payment options are very flexible including lump sum payments, line of credit, a monthly payment schedule, or any combination of these. Seniors retain the title to their home and will never owe more than the home is worth. If the home owner moves out or becomes deceased, the family or estate repays the reverse mortgage by obtaining a new mortgage or selling the home.
The benefits of planning retirement strategy with an established reverse mortgage lender are numerous and are designed to fit the lifestyle and goals of the senior homeowner. Advent Mortgage brings over 20 years experience to the California home equity loan and reverse mortgage arena. Their retirement planning consultants guide clients through every step of the process from loan application, through the mandatory HUD consultation, and on to the mortgage closing and funds distribution.
Those contemplating a reverse mortgage to aid in financing retirement should consider the following advantages:
Financial Independence: Retired seniors maintain dignity and financial freedom. A reverse mortgage can pay home taxes and regular monthly bills and expenses. Social Security does not provide enough income to meet the normal expenses of living today.
Remain at Home: Many people are forced to consider selling the home they have lived in for decades and moving to a smaller apartment or retirement community. With a California reverse mortgage, homeowners maintain the title to their home as well as living there. The funds received can help pay for live in help, visiting nurses, and medical equipment that can enable older adults to remain at home safely.
Enjoy Retirement: A reverse mortgage brings more money for traveling, hobbies, a new car, or a return to college. Advent Mortgage can help build a retirement that meets the dreams and goals of their California clients.
Tax Free Income: California reverse mortgages are a safe and reliable source of completely tax-free income for seniors and will not affect eligibility for SSI, Medicare, or other benefits. Homeowners or their estate will never owe more than the home is worth.
Advent Mortgage of California is a proud member of the National Reverse Mortgage Lenders Association (NRMLA) and of the Better Business Bureau (BBB) maintaining BBB Honor Roll status for many years.
A reverse mortgage can be the way to secure a retirement of financial independence and fulfillment for many homeowners. Advent Mortgage is dedicated to helping their clients make the financial decisions that enable their goals and dreams.
To apply or find out more about their California reverse mortgage offerings, contact Advent Mortgage via phone at 1-(800) 834-3703 or their convenient website form at www.Reversemortgagecalifornia.com. All calls and emails will be answered promptly by a reverse mortgage professional.
- Contact Information
- Bill Whitney
- Advent Mortgage Company, Inc.
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.