What To Know About Your San Diego Property Reverse Mortgage

If you have a property in San Diego, is sixty-two years old or more, you can be a good candidate for a reverse mortgage. A reverse mortgage is different from a traditional mortgage that is not necessary to return the time that you live at home. With a reverse mortgage, you can use the value, or equity, or your home as a way to get cash through various methods of dispersal, including receiving the cash at once, in a single payment of a lump sum, in regular monthly installments, as a line of credit and as a combination of these methods.