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Home Equity Conversion Mortgages allow seniors to convert the equity in their home to cash. The amount that may be borrowed is based on the appraised value of the home (subject to FHA limits), and the age of the borrower (borrowers must be at least 62 years old). Money is advanced against the value of the home. Interest accrues on the outstanding loan balance, but no payments must be made until the home is sold or the borrower(s) die, at which point the mortgage must be repaid entirely.
Itsagreat Loan can offer multiple loan options for your specific needs. Everyone’s circumstances are unique and mortgage bankers can tailor fit your loan for your lifestyle and needs.
For more information please visit http://itsagreatloan.com
Itsagreat Loan
155 N. Riverview Dr.#310 Anaheim Hills, CA 92808
Email: diane@divcap.net
Telephone: (714) 349-8890
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