Here is video 3 in my series on Reverse Mortgages. The Home Equity Conversion Mortgage (HECM) Reverse Mortgage by Phil Goss, Certified Reverse Mortgage Professional. Southern California Reverse Mortgage Professional.
Who is Phil Goss, Certified Reverse Mortgage Professional? Phil is a CRMP, NMLS#162804 and has been in the industry for 16 years and in finance since 1971. He has been able to help 600 plus families with a revere mortgage and to “Age in Place”. This is the first of a series of videos on
Found this article on the use of a credit line in a reverse mortgage. If you any questions please let me know. Enjoy! February 27th, 2012 | by Elizabeth Ecker Published in News, Reverse Mortgage Two researchers proved through analysis published in February that a reverse mortgage credit line can lead to “substantially greater cash flow survival probabilities”
The Basics To qualify for a reverse mortgage you must be at least 62 years old and have substantial equity in your home. You can access your funds as a lump sum, monthly income, a credit line, or a combination of these. Use your money any way you like to enjoy paying down your debt,