Fallbrook Reverse Mortgages - Webster Financial Offers Great Rates on Reverse Home Mortgages in Fallbrook

Webster Financial Specializing in Fallbrook Reverse Mortgages, Fallbrook Reverse Home Loans

"Remember, your home loan, if set up the right way, can make you financially stronger!"

Charles E. Webster
Owner/Broker

Reverse Mortgages

A reverse mortgage is a unique type of loan used by older Americans to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with the financial security they need to fully enjoy their retirement years. The reverse mortgage has earned its name because the payment stream is "reversed." Instead of making monthly payments to a lender, as with a regular first mortgage or home equity loan, a lender makes payments to you. The money from a reverse mortgage can be used for anything from daily living expenses to home repairs and home modifications.

Reverse Mortgage Qualifications

To qualify for a reverse mortgage you must be at least 62 and own your own home. There are no income or medical requirements to qualify. You may be eligible for a reverse mortgage even if you still owe money on a first or second mortgage. In fact, many seniors get a reverse mortgage to pay off a first mortgage.

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Refinance Purchase First Time Buyers Second Mortgages Debt Consolidation Construction Loans Zero Down Loans FHA & VA Loans	100% Financing Full Doc and Stated Income Fixed Rate Mortgages Adjustable Rate Mortgages Types of Standard ARMs Introductory Rate ARMs Reverse Mortgages Balloon Mortgages