Reverse Mortgages allow homeowners over the age of 62 to convert their equity into cash without requiring monthly mortgage payments. The information here is to be a resource for anyone interested in learning what a reverse mortgage is and how it works.
Use a Reverse Mortgage to Supplement Income
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A reverse mortgage can be used to obtain monthly payments for life which combined with Social Security payments can replace your salary and maintain your monthly routine of paying bills from new income.
Zillow.com published a recent analysis on the nation's healthiest housing markets in October. Of the top- markets, four were in California - San Jose, San Francisco, Los Angeles and San Diego. The fifth best market belongs to Denver. Reverse Mortgage Daily provided a summary of the analysis at: http://reversemortgagedaily.com/2013/12/15/zillow-healthiest-housing-markets-found-out-west/?utm_source=Reverse+Mortgage+Daily&utm_campaign=39d69970bb-rmd_daily_email_12_16_1312_15_2013&utm_medium=email&utm_term=0_48b4357284-39d69970bb-21285 For more information on home values in your area or reverse mortgages , contact Rick Rodriguez, Production Manager at Proficio Mortgage at (877) 576-3783 or rrodriguez@proficiomortgage.com. You can obtain more at www.reversemortgageproficiobank.com .
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