Senior Safeguards
Our Reverse Mortgage Specialists adhere to and maintain standards and a code of conduct that are aimed at protecting the interests of the senior community and their families.
We realize that although Reverse Mortgage products can be an excellent financial solution, they may not be the cure for all your financial needs.
Our customary methods in terms of consumer safeguards for senior citizens include:
Reverse Mortgage Scenario Examples
Reverse Mortgage SCENARIO EXAMPLE #1
- Ray Wolman, Age 68
- Home Value – $250,000
- Approximate Mortgage Balance – $40,000
The Challenge:
A Reverse Mortgage May Be Used By Those on Medicaid, Medi-Cal or Supplemental Security Income (SSI)
Many people on Medicaid, Medi-Cal or SSI have done a reverse mortgage legally and properly. Conversely, many people with a reverse mortgage have qualified for Medicaid, Medi-Cal or SSI.
When applying for a reverse mortgage if you are on Medicaid, Medi-Cal or SSI, there are no special requirements. It is after you have the reverse mortgage that you want to make sure you follow the Medicaid, Medi-Cal or SSI guidelines in the way you take your funds.