Looking for the best reverse mortgage loan options in Arizona?
Meet Angella Conrard, CRMP.
An Arizona reverse mortgage may be an excellent option, especially during the current economic climate. As your Arizona reverse mortgage loan specialist, Angella Conrard, CRMP, is available to help you. Not only does Angella have 16 years of experience, but she is a Certified Reverse Mortgage Professional (CRMP) CRMPs are tested, and background checked by the National Reverse Mortgage Lenders Association.
Angella has a history of being a "helper" to others. She began her career in the wellness industry and continues to promote and support wellness throughout her community. Serving seniors through a reverse mortgage is another way of helping others. Her passion for educating rather than selling makes getting an Arizona reverse mortgage fun and easy.
With C2 Financial Corporation in Southern California, Angella can offer her clients the widest variety of reverse mortgage loan products with the most excellent flexibility. C2 is an award-winning mortgage company recognized in the industry as a top leader and consistently holds an A+ rating by the Better Business Bureau (BBB).
What is an Arizona Reverse Mortgage?
When you approach retirement years (62+), you may have a good amount of home equity or even own your home outright. A reverse mortgage allows you to access the equity without a monthly mortgage payment. If you maintain the house, keep current with property taxes and insurance, and live in the home as your primary residence, you may be interested in getting a reverse mortgage for your Arizona home.
A reverse mortgage is a "non-recourse" loan, meaning you never owe more than the home is worth when the loan is repaid. Standard reverse mortgages (Home Equity Conversion Mortgages or HECM) are FHA insured and are a safe and viable financial tool for your retirement.
When you wish to receive the funds, you have various options, including cash out, a line of credit, monthly payments (either term for a specified period or tenure for life), or a combination of the above. Many people opt to pay off their current mortgage and then secure a line of credit for use when needed.
There are no limits to how you spend the money. The loan becomes due when a “maturity event” occurs, such as when you sell, move, or pass away. The loan is then repaid. Some people opt to refinance the loan with the proceeds paying off the loan and any remaining proceeds going to you or your estate. Others opt to sell the home to pay off the loan.
Arizona is part of the Southwest, bordering California, Nevada, Utah, New Mexico, and Mexico. It is often called the "Grand Canyon State" and is the sixth largest state in the US. The current population is 7,303,398, and its capital, Phoenix, is the city's most populated (1,640,641). The state median home price is $458,907.
Known for industries such as electronics, semiconductors, manufacturing, and aerospace, Arizona sits in a desert landscape with varied topography. The Grand Canyon is a vast tourist attraction carved over the years by the Colorado River. It was admitted to the US as the 48th state in 1912.
A contradiction of land, you will find a hot, low-level desert with cacti and creosote bushes, while more than half the state lies at an elevation of 4000+ feet and has lush evergreen ponderosa pine trees.
Arizona is also known for large retirement communities like Sun City and Green Valley. It is a popular retirement destination due to the climate and casual living.
If you’re interested in discussing an Arizona reverse mortgage, contact Angella today to get started. (949)439-7030.
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