Reverse Mortgages - Sonora, CA - Credit & Loans

Reverse Mortgages

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83 South Stewart Street, #204Sonora, CA 95370


You're in good hands with Maggie O'Connell to guide you through the reverse mortgage process. Call to sign up for a free reverse mortgage seminar in Sonora and the Gold Country. Maggie has been helping people get reverse mortgages since the early 90's with over 100 positive customer reviews. Trust Maggie to give you 100% of her attention to your transaction. Unlock equity to use in retirement without requiring any payments to the lender until the last homeowner leaves the home permanently. Like.. regular mortgages, you hold title to your home and the lender records a lien (deed of trust) as security for the debt. Unlike regular mortgages, you don’t make monthly mortgage payments, instead the interest and mortgage insurance charges are added to the loan balance resulting in rising debt. Supplement your income with tax free cash or draw from a line of credit when desired. Pay off existing mortgages and get rid of payments. Or use it to purchase a new home with HECM Purchase


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