City Reverse Mortgage provides Reverse Mortgage Quotes for all U.S. States

CityReverseMortgage.com, a website dedicated to helping reverse mortgage seekers get in touch with experts in the field, offers reverse mortgage quotes for all US states. CityReverseMortgage.com is a high quality source for all your reverse mortgage needs. With all essential tools for reverse mortgage assistance, CityReverseMortgage.com is devoted to giving its customers all the information they need in order to take the most beneficial decision.

Making things easy for all those wanting to opt for a reverse mortgage in the United States, CityReverseMortgage.com requires the visitor to fill out a simple inquiry form which is state specific. Once a query is received, they arrange a free, no obligation consultancy from a reverse mortgage expert.

Reverse mortgage is a special tax free loan in the U.S. and is made available to senior citizens. It is also called 'Home Equity Conversion Mortgage' and is used as a method of converting the home equity into cash payments. The ownership of the property remains with the senior citizen and the loan is to be repaid only when the owner is no longer living in the home or is deceased.

To qualify for a reverse mortgage, the borrower must be at least 62 years of age. While there are no minimum income or credit requirements, there are other prerequisites and homeowners should make sure that they qualify for the loan before they invest significant time or money into the process.

For most reverse mortgages, the money can be used for any purpose; however, the borrower must pay off any existing mortgage(s) with the proceeds from the reverse mortgage and, if needed, additional personal funds. A pending bankruptcy that has not been finalized may, however, slow the process.

With its wide spread network, CityReverseMortgage.com has made things simple for all senior citizens in need of a reverse mortgage.

About City Reverse Mortgage:

CityReverseMortgage.com provides help to all those who want to opt for a reverse mortgage. Just fill a simple inquiry form and CityReverseMortgage.com will get you in touch with a local expert who will provide you with a no-cost, no-obligation reverse mortgage quote. They only need basic information about you and your property and will be able to offer an instant estimate and analysis regarding a reverse mortgage.

Offering reverse mortgage quotes for all American states, CityReverseMortgage.com has all the tools essential for anyone seeking a reverse mortgage.

For more information please contact:
www.CityReverseMortgage.com