Advent Mortgage: California Reverse Mortgage Specialists offer Seniors a Welcome Answer to Recession Woes
(Los Angeles, California) In today’s economic reality it has become increasingly hard for the middle-income American to make end meets on an income that used to comfortably take care of things not so long ago. Older adults on fixed incomes are hit especially hard and as the recession pushes prices for everyday necessities higher and higher, senior citizens often have to choose between putting food on the table and purchasing critical prescription medications.
A Reverse Mortgage can be the solution to this dilemma for many homeowners age 62 and above. Through a variety of reverse mortgage plans, Advent Mortgage helps senior homeowners access the supplemental retirement income that can make it possible for them to remain in their own home independently and maintaining the quality of life they have come to cherish. Advent’s website at www.Reversemortgagecalifornia.com provides helpful reverse mortgage information as well as links to other great resources for older adults.
A reverse mortgage allows homeowners, age 62 and up, to convert a portion of the equity in their primary residence into tax-free income, without having to sell the home, give up the title, or take on a monthly mortgage payment. A California reverse mortgage does not have to be repaid until the last borrower has sold or vacates the home. This special type of home equity loan does not affect the borrower’s eligibility for Social Security Income (SSI) or Medicare and it is completely tax-free!
This kind of retirement income is very flexible and can be distributed as a one-time lump sum, monthly or quarterly annuity payments, or a combination of both. A homeowner can use California reverse mortgage funds to:
*Pay off overdue bills, as well as debts or credit cards with high interest rates.
*Pay off an existing mortgage or home equity loan and get rid of monthly payments.
*Pay expenses of every day living such as electricity, food, oil, and transportation.
*Perform needed home repairs, additions, or enhancements to the property.
*Take care of long term care arrangements.
*Keep a fund for emergency situations.
*Take care of hospital and doctor bills, as well as paying for expensive medications.
*Finally take the retirement vacation that seemed like an impossible dream.
*Help a family member with college tuition or with a first home down payment.
The company website at www.Reversemortgagecalifornia.com is full of clear, useful information about the California reverse mortgage process, who qualifies, and the many benefits for homeowners. The website offers a large print option to make it easy on more mature eyes and the retirement planning consultants have provided financing information in a clear, concise manner that removes the mystery from the whole reverse mortgage process. A free consumer’s guide titled “Home Made Money” is available for download from the site.
The professionals at Advent Mortgage have been planning retirement strategy and obtaining reverse mortgages for their clients throughout California since 1985. Their reverse mortgage specialists are available to work with senior homeowners and their families in the San Francisco Bay area, Los Angeles, Orange County, Pasadena, Bakersfield, and surrounding areas.
Advent Mortgage Company is a proud member of the National Reverse Mortgage Lenders Association and maintains an Honor Roll status with the Better Business Bureau. A corporate wide business philosophy built on Choice, Trust, and Experience ensures that every client is treated with integrity and commitment. To talk to a reverse mortgage specialist and start building financial freedom, give Advent Mortgage a call at 800-834-3703 or use the convenient contact form at www.Reversemortgagecalifornia.com.
- 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.