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FHA HECM Loans in Covina, Fontana, Ontario, CA


If you are a senior 62 or older and you own a home with substantial equity, then you can qualify for a reverse mortgage. The FHA manages a HECM (Home Equity Conversion Mortgage) program.  FHA HECM loans enables you to withdraw some of the equity in your home to use as you please. The financial experts at Reverse Mortgages made EZ can help you with FHA HECM loans in Covina, Fontana, Ontario, Pasadena, Pomona and San Bernadino CA. If you have enough liquidity you can also use an HECM loan to purchase a primary residence.
If you are considering a reverse mortgage it is a good idea to meet with a financial advisor or HECM counselor to discuss the pros and cons. First you have to consider the legibility requirements to see if you qualify. The eligibility requirements for FHA HECM loans are as follows:
You must:

If you qualify you have a choice of plans such as variable or fixed interest, tenure, term, line of credit, or some combination.
There are certain costs to consider such as originating fee, servicing fees, mortgage insurance and third part charges.
The benefits of an HECM reverse mortgage is that you get cash that you can use for any purpose and you have flexible repayment plans and options.


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Futura Financial Inc.
Office: (626) 442-188 | Cell: (626) 523-9130 | Fax: (626) 442-8424





Futura Financial Inc.
Associate Broker/Mortgage Loan Originator
Office: (626) 442-1888 | Direct: (626) 945-2382 | Fax: (626) 442-8424





Futura Financial Inc.
Mortgage Loan Originator
Office: (626) 442-1888 | Cell: (951) 453-1078 | Fax: (626) 442-8424





Futura Financial Inc.
Loan Processor
Office: (626) 442-1888 | Fax: (626) 442-8424





Futura Financial Inc.
Associate Broker/Mortgage Loan Originator
Office: (626) 442-1888 | Cell: (626) 388-5518 | Fax: (626) 442-8424