Best Reverse Mortgage Company Santa Barbara
Giraffe lending being the Best Reverse Mortgage Company, our reverse mortgage specialists assist older citizens in converting home equity into cash for retirement, healthcare expenses, travel, housing repairs, additional income, or other important goals.
Whether or if our advisors are knowledgeable and caring enough to provide us with the best counsel is one of the major worries we all have before making significant financial decisions. Before many people understood what reverse mortgages were, and long before any TV advertisers showed up, we had been teaching clients and their families about them.
We are among the more experienced reverse mortgage groups. We are knowledgeable about our products, attentive to our customer’s demands, and responsive. We’ve assisted thousands of people in making the correct choices, and we’re confident we can do the same for you.
How secure are reverse mortgages?
What can I do with the money?
Homeowners who are 62 years of age or older can use a reverse mortgage to access some of the equity in their properties without having to make regular mortgage loan payments. As long as the borrower owns and resides in the home, there is no loan repayment obligation.
Your home must be in good shape to qualify for a reverse mortgage. If it isn’t, your lender could demand that you make particular modifications before being authorized.
Single-family homes and two to four-unit buildings with at least one owner-occupied unit are examples of eligible properties.
Although HECMs don’t have a stated minimum income criteria, lenders are still required to confirm your income, assets, credit history, and outgoings.
Depending on the outcome of the financial evaluation, you may need to set aside money to cover expenses like homeowners insurance and real estate taxes.
These “set-aside” sums will reduce the overall amount you get from the reverse mortgage. In general, you can get more money with a reverse mortgage, the more equity you have, and the less money you owe on your house.
Why use Giraffe Lending for your Reverse mortgage?
We offer various services, but reverse mortgage loans are our area of expertise. We recognize how crucial it is to provide all lending products to our customers.
We would be delighted to assist you with your reverse mortgage and Google search. We specialize in these, and as seen by the innumerable evaluations, we do an excellent job at it. We have the opportunity to offer you a different loan product if it would be a better fit for you than a reverse mortgage, though.
Do you think some of a firm’s clients are being sold a reverse mortgage when they shouldn’t be, or are they being turned away if the company promotes that all they do is reverse mortgages?
We provide wholesale rates from most top reverse mortgage lenders as independent brokers. We are a little reverse mortgage broker that runs well. As a result, we work hard to keep our overhead expenses low to benefit the borrower from those savings. Some of the most skilled reverse mortgage experts in the business are among our loan officers.
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