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San Diego, CA (PRWEB) November 15, 2012
Southern California reverse mortgage market seems to be heating up for one company involved. SeniorBankServices.com sources reports the company’s third quarter numbers are up for new applications looking for a reverse mortgage in San Diego. The company believes it’s because of few different factors, one of those major factors is the marketing campaign launched by the company in the middle of the summer. The campaign targeted the senior market by flooding them with all the information about reverse mortgages through internet marketing and snail mail. The company plans on continuing it online dominance through consistent content relating to the reverse mortgage industry.
Most people looking to obtain a reverse mortgage in San Diego will receive a Home Equity Conversion Mortgage, otherwise known as an HECM reverse mortgage; HEMCs are about 90% of the reverse market. A HECM reverse mortgage in San Diego is insured by the FHA, which implemented the program in 1989. The initial process for the reverse mortgage San Diego underwriter will examine the current senior’s situation. The applicant’s property does not need to own the home outright; the property does in fact need to be in a condition that would deem it as lendable to a reverse mortgage San Diego provider. If there is a lot of damage to the property, it may not qualify under the terms of the reverse mortgage San Diego lender. The reverse mortgage San Diego representative may advise you to make the proper repairs to the home before continue processing the reverse mortgage. The San Diego reverse mortgage lender offers these loans on many types of properties. But, the home must be your primary residence. For example, if you currently own a multi-unit building, you may still be qualified, according to the reverse mortgage San Diego lender, only if one of the units your permanent or primary residence. SeniorBankServices.com works with many reverse mortgage affiliates, and their professionals offer free consultations for individuals that are considering a reverse mortgage in San Diego California. To learn more information about a reverse mortgage San Diego lender visit, http://www.seniorbankservices.com/reverse-mortgage-san-diego/
Seniors that have been searching on the web for concise information concerning how to use a reverse mortgage calculator to properly determine the amount money one can expect, there is hope. One of the services offered by SeniorBankServices.com will help the applicant better understand the use a of a reverse mortgage calculator to properly calculate the senior’s eligibility for obtaining a San Diego reverse mortgage on the home. One of the most important things to understand is how a reverse mortgage calculator can estimate how the senior can live out the rest of their days based on the value of the home. If the applicant is at least 62-years-old and owns the own home, the individual may be eligible for a reverse mortgage. The way that it works is that the San Diego homeowner will get money from the bank for the house, but the individual continues to live at the property. A reverse mortgage expert can use a calculation to see how much money the applicants will receive from the property.
To find out about how to use a reverse mortgage calculator to determine payments or to speak with a San Diego reverse mortgage specialist, call (888) 217-6222
The reverse mortgage lender uses the best SEO consultant in the industry to help promote the company with internet marketing to deliver the message about the importance of using a qualified reverse mortgage San Diego expert, if someone is considering applying for a reverse mortgage. SeniorBankServices.com continues its online presence by offering a live consultant to visit the senior’s home and explain the entire reverse mortgage process, and regularly posts reverse mortgage information on the company blog and social media pages. This information along with free consultations the company hopes to attract more San Diego California residents looking for a reverse mortgage. To read more on the company’s reverse mortgage San Diego Facebook page visit, http://www.facebook.com/ReverseMortgageSanDiego
About the Company:
SeniorBankServices.com is a nationwide reverse mortgage information website that offers reverse mortgage information and connects prospective clients to qualified licensed reverse mortgage brokers and lenders to homeowners in San Diego California and throughout the United States. The company and its partners follow all rules and regulations regarding reverse mortgages. To learn more about the reverse mortgage San Diego California service or a reverse mortgage Orange County lender, visit the company website at http://www.seniorbankservices.com.
Phone: (888) 217-6222