Tuesday, June 10, 2008

getting the right reverse mortgage

There is an exceptional type of loan in which homeowners can use their home’s equity to receive a monthly income, a lump sum of cash, or a line of credit. What is this all about? Let me start with the website that offers this loan. AmeriTekmortgage.com is a devoted group that serves ca reverse mortgages since 1997. That type of loan is available to seniors who are 62 years old or above. It is used to release the home equity in the property as one or multiple payments. It is just easy apply for this type of loan, no income requirement and minimum credit requirements.

Furthermore, the website provides a mortgage calculator for fast estimate of payments. It takes 30 to 45 days to complete the process the reverse mortgages but it is all worth it. The interest rate would depend upon the program you’d choose. And if you want get quote from them, they will do it for you and advise and counsel you on the right things to do. Therefore, I would say that AmeriTek Mortgage Inc. is the right place for Colorado, Washington, Oregon and California reverse mortgages.

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