Senior American Funding, Inc. -

Senior American Funding, Inc. has been providing reverse mortgage loan solutions to the people of San Diego County since 1990. Our team of specialists is here to provide you with the best information to help properly leverage reverse mortgage options. Our primary focus is to ensure you are provided with the most beneficial advice so you can have a comfortable and enjoyable retirement. Each one of our Loan Officers is fully qualified to offer solutions to any needs and concerns you have. We want to create lasting relationships and continually prove our loyalty to you. Our Specialists are firmly committed to providing the mortgage solutions you need to make your golden years truly golden. We offer COMPLIMENTARY reverse mortgage consultations and prepare valuable reports at no cost to you, so make sure to contact us today!

There are many benefits to getting a reverse mortgage. It allows you to receive cash from your home, pay off your mortgage, and make no monthly payments. These benefits last as long as you live in the home. Whereas a regular mortgage leaves you owing monthly payments, a reverse mortgage allows you to receive monthly payments from your home’s equity. This is much safer than a conventional mortgage or home equity line of credit. This is because the government guarantees you can live in the home for as long as you like with no obligation to repay the loan. Here are the facts about reverse mortgages:

Receive a tax-free loan from the equity in your house
Eliminate your current mortgage payments
You are not required to make monthly mortgage payments
No out-of-pocket expense to you
The title to the home stays in your name
You can do a reverse mortgage and keep the title in your living trust
Your Social Security and Medicare benefits are not affected

*Borrowers must maintain home as principal residence, pay all taxes, insurance, maintain the home, and comply with all other loan terms. Failure to do so may result in foreclosure.