Best Reverse Mortgage Company Stanislaus

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?

  • The U.S. Dept. of HUD insures reverse mortgages.
  • The U.S. government guarantees payments to borrowers.
  • They are accessible via HUD.
  • Before applying, independent HUD counseling is required.
  • Benefits from Medicare or Social Security are unaffected.

What can I do with the money?

  • Pay off current debts or a mortgage.
  • Home insurance and property taxes
  • home improvement
  • Regular living costs
  • Retirement Preparation
  • Healthcare costs or at-home assistance

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.

  • The prerequisites for income, assets, and credit are relatively lax.
  • The property is still legally owned by the homeowner.
  • Cash advances can serve any objective.

Property Specifications

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.

  • Condominium developments with HUD approval.
  • Individual condominium units with FHA approval.
  • Residences manufactured with FHA approval.
  • Necessary resources
The following assets are necessary for a reverse mortgage:
  • You must not owe any federal debt in arrears, such as back taxes or student loans.
  • You need to be able to afford your mortgage, homeowners insurance and home upkeep expenses.
  • You agree to set aside a percentage of your money if your income isn't enough to cover those expenses.

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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  • By submitting this request for information, I hereby provide my signature, expressly consenting to receive information by email or phone, via automated dialling systems, texting, and/or prerecorded messages, from or on behalf of Giraffe and Its fulfillment partners and may agree to receive other offers on the telephone number I provided above, including my wireless number, even if I am on a State or Federal Do-Not-Call list. I understand consent Is not a condition of purchase and that I may revoke my consent at any time. I can revoke consent by calling Giraffe customer service at 1-866-723-6466 or contacting my loan officer.