Then we have a solution for you...

Equity Financing
Through a Reverse Mortgage!

How does a reverse mortgage differ from a home equity loan?

While both reverse mortgages and home equity loans enable you to turn the equity in your home into accessible  dollars, there are important differences between the two types of mortgages. With a home equity loan, you must make regular monthly payments to repay the loan. These payments begin as soon as the loan is originated. To qualify for such a loan, you must earn a monthly income great enough to make those payments. If you fail to do so, the mortgage lender can foreclose on you, and you can be forced to sell your home. In addition, you may be required to re-qualify for a home equity loan each year. If you do not requalify, the lender may require you to pay the loan in full immediately.

With a reverse mortgage, you do not repay the loan as long as the home remains your principal residence, your income is not considered when qualifying for the loan, and there is no requirement that you requalify every year.

Reverse Mortgage Benefits Include: 
  • No monthly loan payments
  • Retain home ownership
  • Increase monthly income
  • Provides financial security
  • Payment plan options
    • Monthly payments
    • Lump sum payments
    • Line of credit
    • Combination of all three

Consumer Education Session Required
Please contact Bill Hagemann at 707-575-3220, or you can email him at info@sequoiapacificmortgage.com.

Page Top