At Ameritek Mortgage you can find information on CA reverse mortgages, mortgage refinancing, California reverse mortgages, or home loans, receive free mortgage quotes, or just get some basic info about mortgages, loans, etc.
You might be wondering how much money you would get by using this type of loan. The program specializes for California homeowners 62 years old or over is called California reverse mortgages
The requirement for this is that the applicants have to be at least 62 years old. But they retain full ownership of the house just as they did before, and there is no minimum income for qualification. The system seems to be very easy to qualify for.
If you prefer a line of credit then you can draw it anytime up to the maximum amount given. Lump Sum Cash Advance will give you an amount of cash at closing. You can choose Modified Tenure if you want to have a combination of those three plans.
But remember you can not lose your home at any time regardless how much equity is left. Judging by the term and advantages you get this type of loan is really lenient. Anyone who is on his or her old age should consider this reverse mortgage loan.
AmeriTekMortgage.com is the perfect place for you to learn about California reverse mortgages.