Our Reporter Interviews California Reverse Mortgage Company

Reporter: Nick, hello. You've been working for California Reverse Mortgage Company for over five years now. Can you please tell us what a reverse mortgage is, exactly?
Nick: Simply put, a reverse mortgage allows you to tap into the equity of your home and receive payments. As long as you are over 62 and own your home, you should have no problem getting a reverse mortgage.
Reporter: What is it that makes California Reverse Mortgage Company so popular with old-timers?
Nick: We, at California Reverse Mortgage Company, understand the property laws here in California more than any other company. We know that thousands of folks are retiring in California and we aim to meet their needs.

Our Reporter Probes California Reverse Mortgage Company for More Information

Reporter: So, Nick, you've told us why the California Reverse Mortgage Company is so successful. Now, how about telling me why I should encourage my parents, for example to take out a reverse mortgage.
Nick: Good question! In all my years of working at California Reverse Mortgage Company, I have yet to see over-60's who aren't in need of cash for one reason or another. Can you tell me that your parents don't want to renovate their home or take a trip? Can you tell me that they might not need medication in the future or other assistance? Borrowers of reverse mortgages can use the money for whatever they want or need. That is what makes these types of mortgages so great.
Reporter: OK, Nick, you've convinced me! Thank you so much.
Nick: And thank you.