7/20/2017

Reverse Mortgage No Monthly Payment

















A little bird says you need a reverse mortgage!
Enjoy the Good Life You deserve to Relax.

Here is a case story about a couple who decided a HECM was a good choice.

for their home loan.

Agnes and Arthur had lived in their charming little bungalow for over 50 years. It was filled with memories of raising their children, hosting countless holidays, and enjoying countless cups of coffee on the porch swing. But lately, the house had begun to feel a bit more like a burden than a blessing.

Arthur's knees were giving him trouble, making it difficult to climb the stairs. Agnes, ever the meticulous homemaker, found herself struggling to keep up with the yard work. And then there were the bills. The property taxes had gone up again, and their fixed income just wasn't stretching as far as it used to.

One day, Agnes saw an advertisement for a reverse mortgage. "A loan for people who own their homes?" she asked Arthur skeptically. "It sounds too good to be true."

But Arthur was intrigued. He did some research and learned that a reverse mortgage is a loan that allows homeowners 62 and older to convert a portion of their home equity into cash. You don't have to make any monthly payments, and you can use the money for anything you want – home improvements, medical bills, even a long-awaited vacation.

Agnes was still hesitant. "What if we outlive the loan?" she worried. "Will we lose our house?"

Arthur reassured her. "No, not with a government insured HECM loan. We'll always have a place to live, no matter what."

The more they thought about it, the more a reverse mortgage started to make sense. They could use the money to fix the leaky roof and install a walk-in shower for Arthur. Agnes could finally hire someone to help with the yard work, and they could even take that trip to Ireland they'd always dreamed of.

Best of all, they wouldn't have to worry about making ends meet. The reverse mortgage would give them the financial security they needed to age comfortably in their own home.

So, they decided to go for it. The process was surprisingly smooth, and soon they had a lump sum of cash in their hands. They used it to make their home safer and more accessible, and they even splurged on a new porch swing – a little wider and a little sturdier than the old one.

Now, Agnes and Arthur can sit on their porch swing every morning and sip their coffee, watching the world go by. They don't have to worry about the stairs, the yard work, or the bills. They're living comfortably in the home they love, and they're finally able to enjoy their golden years.

A reverse mortgage isn't right for everyone, but it can be a lifesaver for senior citizens like Agnes and Arthur. It can give you the financial freedom to live your life to the fullest, right in the place where you made so many memories.

So, if you're a senior citizen struggling to make ends meet, don't be afraid to explore your options. A reverse mortgage might just be the key to unlocking your golden years.





A Better Way for Seniors to Buy a New Home
The Reverse Mortgage
No monthly payments as long as
 you live in the home


Use gift funds from family for your down payment
If you are downsizing and have equity you can use a reverse
No worries only pay the property taxes, fire insurance and HOA

You worked hard all your life to pay for your home.
Why not allow the home t pay you back?

Call to talk about using a reverse mortgage to purchase a house.

C G Caroline Gerardo Barbeau
NMLS 324982
Cell number 949- 784- 9699

949 South Coast Drive # 240
Costa Mesa California 92626


I live in San Juan Capistrano.
My Mom who is a Senior Citizen who
lives in Laguna Niguel.


Ask about reverse refinance which is helpful when 
one of the owner residents is over 62 years old.

A reverse is a government backed home loan 
that allows a homeowner access to the existing
equity in their home and convert it to cash
Choose a lump sum. line of credit or
combination of both.
Stay in your home and retain ownership of the house.
No payment is required until the borrower(s)
no longer use the house as their primary residence. 

REVERSE LOANS are Also called a HECM 
A HECM is a home-secured debt payable upon default or a maturity event.
This material has not been reviewed approved or issued by HUD FHA or any government agency.

Home loans for California! 



Eagle Mortgage of California - Company NMLS #252392. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. RMLA #4130443; Certain restrictions apply. This is not a commitment to lend. Applicants must
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