Identifying what types of reverse mortgage is right for you. Is proprietary reverse mortgage suits you?
While HECM is insured by an FHA, the proprietary reverse mortgages offer a larger loan amount and are also available from private lenders. This type of loan provides more flexibility than any other reverse mortgage. It doesn’t come with tight regulations and restrictions to get qualify for a loan. A proprietary reverse mortgage is appealing to senior homeowners whose property carries high values.
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Los Angeles, CA