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Reverse Mortgages

If you are 55 or older and own your home, you may qualify for a reverse mortgage. A reverse mortgage is a tax-free loan which lets you borrow up to 55% of your home’s equity value.

Unlock the Potential of a Reverse Mortgage with Qualification Criteria Securing a reverse mortgage is a personalized journey contingent on several key factors. AtLez Gomez, we understand the significance of tailoring this financial solution to your unique circumstances. Qualification hinges on a comprehensive evaluation, considering factors such as your age, home location, type of home, existing home equity, and the appraised value of your property.

The first aspect taken into account is your age—a crucial factor in determining eligibility for a reverse mortgage. The location of your home plays a role, as different regions may have varying criteria. The type of home you own is another consideration, with certain property types aligning more favorably with reverse mortgage qualifications.

Your current home equity is a pivotal factor, influencing the amount you may be eligible to receive through a reverse mortgage. The appraised value of your home is also taken into careful consideration, providing a comprehensive overview of your property’s financial potential.

At Lez Gomez, our commitment is to guide you through the qualification process, ensuring a clear understanding of the criteria and how they apply to your specific situation. We specialize in demystifying the complexities of reverse mortgages, empowering you to make informed decisions about your financial future.

Unlock the doors to financial flexibility and explore the possibilities of a reverse mortgage with Lez Gomez. We’re here to support you every step of the way, tailoring solutions to meet your individual needs.

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