• Address: 26250 Enterprise Ct # 230, Lake Forest, CA 92630 (map)
• Date Posted: 10/25/09

Tri Emerald Financial. FHA HECM Reverse Mortgages Stay in Your Home and Put its Equity to Work for You Many Homeowners, 62 Years and Older, are Discovering the Benefits of a Reverse Mortgage. Reverse mortgage proceeds can be used for virtually anything, it is completely up to you: • Supplement your retirement income • Help fund healthcare costs • Pay for home repairs or modifications • Retire existing debt, even a mortgage • Cover property taxes • Help prevent foreclosure • Secure a cash reserve for emergencies With the aging of our population, and the anticipated financial needs of mature homeowners it is easy to see why a reverse mortgage is a retirement tool whose time has come. It is a popular home loan that was created specifically for senior homeowners, 62 years and older, who want to convert part of their home’s equity into income. This is a non-recourse loan and a resource to generate financial support for the senior. The loan is repaid when you cease to occupy your home as a primary residence, whether you (the last remaining borrower, in cases of couples) pass away, sell the home, or permanently move out. The lender can only look to the property for repayment so you will never owe more than what your home is worth when the loan is due. Additional protections include mandatory counseling and lifetime caps on adjusted interest rates. Today’s Seniors Use Reverse Mortgages to Make a Difference in Their Lives – You can, too! • Retain title to your home* • Enrich the quality of your life with the extra retirement income • Capitalize on your home’s equity without having to move • Qualify without providing income, credit, or health background checks • No monthly mortgage payments Best of all, you get to decide how to receive your money: • All at once, in a lump sum • Fixed monthly payments either for a set term or for as long as you live in the home • Line of credit, which is the most common option, allows you to draw on proceeds any time • Or, a combination of the above * Homeowners must continue to pay insurance and property taxes. Call us today for a FREE Consultation. Tri Emerald Financial. Direct Lender. A Rating with the Better Business Bureau. 800-379-1328 x 1244. www.triemeraldfinancial.com