California Reverse Mortgage Company Gives Advise

We were in quite a bind - not really knowing in what direction to go regarding my parents' home. The family house had been in their possession since before I was born. Now it was time for my parents to decide whether to sell or whether to stay. If they decided to stay, could they afford it? That's where the California Reverse Mortgage Company stepped in. Nick, their friendly representative, seemed to have all the data at his fingertips. We asked him which type of mortgage we should be considering. After looking at all the facts, he thought it would be wise for us to stick with the HECM, or the Home Equity Conversion Mortgage. Why? We wanted to know. We trusted the California Reverse Mortgage Company with their advise but it was important to us that we understood all the facts before making any kind of decision.

The California Reverse Mortgage Company Has the Data

Nick explained to us, in the true patient spirit of the California Reverse Mortgage Company, that an HECM is one of the oldest and most traditional form of reverse mortgage. In fact, he said, over 90% of reverse mortgages are HECM's. We then asked Nick how much money we would get, using the HECM as our reverse mortgage. This is where the experience and honesty of the California Reverse Mortgage Company came in. Nick explained that he had no straight answer. It would all depend on the location and size of the house, my parents' age and the current interest rates, he said. He promised to do all the calculations and get back to us as soon as possible. I know that I can leave California next week, safe in the knowledge that my parents are in good hands with the people at California Reverse Mortgage Company.