San Diego Reverse Mortgage
www.sandiegoreversemortgage.com
Reverse Mortgage Facts

Presented by:

Ken Terrill - An acknowledged Reverse Mortgage Expert. 

A HUD and VA approved Lender.

Home Office - San Diego, Ca.

Ph: 800-686-0238 or 619-756-3205

Serving all of San Diego County

 A. All applicants must be 62 or older.

 B. Credit History is not a factor in loan approval.

 C. Your benefit is determined by the value of your home and your actuarial life expectancy. Once the loan is funded your benefit is guaranteed for life, no matter how long you live.

 D. You do not have to own your home "free and clear". 

 E. Your income is not a factor in your approval.

 F. Property must be in lendable condition. In California this is seldom an issue.

 F. Existing Mortgages - Back Taxes - Other Liens and Consumer debt can be paid from the loan proceeds.

 G. Benefit options include Monthly Income, A Lump Sum of Cash at closing, A Line of Credit or a combination of the above.

 H. A Pest Control Inspection and Clearance is sometimes required.

 I. You retain control of your property. You can sell your home or pay off your reverse mortgage at any time. You or your Estate will retain any equity remaining in the property.

 J. You can not outlive a Reverse Mortgage. Your benefit is guaranteed for as long as you live.

 K. You must obtain a Counseling Certificate from an independent 3rd party before applying. H.U.D. & F.H.A. want you to understand the process before you apply. This is also a fraud prevention measure. HUD/FHA does not want Senior Citizens to be taken advantage of by Con Men. We are able to assist you in obtaining the required counseling which can be done by telephone or in person.

 L. There are 3 types of Reverse Mortgage. FHA insured, Fannie Mae Conforming and "Jumbo" We provide all three.

 M. There are no "Application Fees" on a Reverse Mortgage. If you are asked for money up front by any lender be very wary.

 N. Most owner occupied properties qualify including: Single Family Detached, Condo's, Town Homes, Manufactured on permanent foundations sited on land  you own, Duplex, tri-plex and 4-plex as long as you occupy 1 unit.

       

For Information: Call Ken Terrill - 800-686-0238  
619-756-3205 . Weekends and evenings I can be reached at 800-811-2738 toll free or 619-299-3863 which ring to my home. 

 

 

Ken Terrill

Serving Senior Citizens since 1994.

e-mail: ken@ampy.com

 

PRIVACY POLICY

This Privacy Notice discloses the Privacy Policy Practices for www.sandiegoreversemortgage.com  This privacy notice applies solely to information collected by this web site. It will notify you of the following:

 

What personally identifiable information is collected from you through this web site, how it is used and with whom it may be shared. What choices are available to you regardimg the use of your data. The security procedures in place to protect the misuse of your information. How you can correct any inaccuracies in the information, Information collection, use & sharing. We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via e-mail or other direct contact with you. We will not sell or rent this information to anyone.

 

We will use your information to respond to you regarding the reason you contacted us. We will not share your information with any third party outside our organization other than as necessary to fulfill your request, eg. to ship an order.

 

Unless you ask us not to, we may contact you via e-mail in the future to tell you about specials, new products or services, or changes to this privacy policy.

 

YOUR ACCESS AND CONTROL OVER INFORMATION.

You may opt out of any future contacts from us at any time. You may opt out by contacting us via e-mail or by calling the telephone # listed on the web site.  You can do the following by contacting is either via e-maiol or by telephone:

 

1. See what data we have about you, if any.

2. Change or correct any data we have about you.

3. Have us delete any data we have about you.

4. Express any concern you have about our use of your data.

 

SECURITY:    

We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both offline and online. Whenever we collect sensitive information (such as credit card #'s) that information is encrypted and transmitted to us in a secure way. You can verify this by looking for a closed lock icon at the bottom of your web browser, or looking for "https" at the beginning of the address of the web page.

 

While we use encryption to protect sensitive information tansmitted online, we also protect your information offline. Only employeesneed the information to preform a specific job (ie. billing or customer service) are granted access to personal identification information.  The computers/servers in which we store persoanllt identifiable information are kept in a secured enviroment. 

 

If you feel we are not abiding by this privacy policy you should contact us immediately at 800-481-9999 ext 119.

 

 

 

    

 

 

 

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