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California does indeed have reverse mortgages but if you do not qualify there are at least 6 different options that you can go to if you dont qualify.
What else can I help you with?
What are the alternatives to reverse mortgages?
Some alternatives to reverse mortgages include downsizing to a smaller home, taking out a home equity loan or line of credit, or exploring other financial options such as annuities or selling other assets.
What mortgage options are available in California?
There are a variety of mortgage options available in California. Some of these options include fixed mortgages for 10, 15, 20, 25 and 30 years. There are also adjustable rate mortgages for 5 or 7 years as well as VA and FHA mortgage loans.
What are the benefits of reverse mortgages?
There are several benefits of reverse mortgages such as Low Risk of Default, No Downside, Tax Free, No Restrictions, Flexible Payment Options, Easy Pre-Qualifications, Home Ownership, Guaranteed Place to Live, Federally Insured.
Does the company Wells Fargo offer reverse mortgages?
Wells Fargo does not offer reverse mortgages. As of June 2011 they released a news segment saying they will no longer offer reverse mortgages. Being one of the leading in reverse mortgages previously it is strange to see why.
I want to compare reverse mortgages.?
Yes! There is plenty of sites that will allow you to go through the steps to reverse your mortgage to help you through retirement especially in California.
Does the bank pay for ads for reverse mortgages?
Yes. If the bank advertises reverse mortgages it must pay for the advertising.
Where might one go online to find information on Wells Fargo Reverse Mortgages?
There are several online websites which provide information about the Wells Fargo reverse mortgages. Reverse Mortgages, American Banker and New America Media are online sources pertaining to Wells Fargo reverse mortgages.
What is a government insured reverse mortgage?
Most reverse mortgages today are government insured reverse mortgages. This simply means its an FHA loan. The FHA HECM program insures the loan to the lenders, provided they follow FHA's guidelines for doing reverse mortgages.
Do you have reverse mortgages for seniors?
johnl:www.seniorreversemortgage.com
What if one spouse is 70 and the other spouse is 45 can a reverse mortgage still be done?
No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.
What are reverse mortgages and how do I qualify for one?
Reverse mortgages are becoming increasingly popular and are available to thousands of homeowners ages 62 and higher. To get all the information on reverse mortgages visit http://www.hud.gov/offices/hsg/sfh/hecm/rmtopten.cfm.
Where can i find a bank that does reverse mortgages for seniors ?
You can go to http://www.bestreversemortgage.com/ to find information on what banks do reverse mortgages for senions. This site also gives a lot of information regard reverse mortgages and the fraud that is being targeted towards seniors.
