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Informational Downloads:
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The NRMLA Consumer Guide to Reverse Mortgages
NRMLA's first consumer guide to help educate senior's about reverse mortgages.

Using Reverse Mortgages for Health Care: A NRMLA Guide for Consumers
This guide helps explain how reverse mortgages can be used to help pay for your health care needs and preserve your financial security.

Just the FAQs: Answers to Common Questions About Reverse Mortgages
This guide lists the most common questions asked by consumers about reverse mortgages—with the answers from the National Reverse Mortgage Lenders Association. The questions are broken into three groups: those appropriate to ask before getting a reverse mortgage; those applicable during a reverse mortgage; and those applicable at the end of a reverse mortgage.

FannieMae's Money From Home
A detailed guide to understanding reverse mortgages.

AARP's "Home Made Money"
A Consumer's Guide to Reverse Mortgages"

Considering a Reverse Mortgage?
Review these 5 steps to see if a Reverse Mortgage is right for you. 

What is a Reverse Mortgage?
A reverse mortgage is a special type of loan used by older Americans to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with the financial security they need to fully enjoy their retirement years.

The reverse mortgage is aptly named because the payment stream is "reversed." Instead of making monthly payments to a lender, as with a regular first mortgage or home equity loan, a lender makes payments to you.

While a reverse mortgage loan is outstanding, you continue to own the home and hold title to it.

The money from a reverse mortgage can be used for ANYTHING: daily living expenses; home repairs and home modifications; medical bills and prescription drugs; pay-off of existing debts; continuing education; travel; long-term health care; prevention of foreclosure; and other needs.
Benefits of a Reverse Mortgage
bullet The Loan With No Monthly Payments!
bullet Extra monthly income
bullet No income qualifying
bullet The extra monthly income to improve your quality of life
bullet Cash received from the reverse mortgage is TAX FREE! 
bullet Hud-Sponsored counseling available
bullet Easy Online Application
bullet Loans are backed and guaranteed by the Government
bullet Must be at least 62 years old
bullet The money can be used for anything!
bullet Several Payment Options:
bullet Lump Sum
bullet Line of Credit
bullet Monthly Payments OR
bullet A Combination of All Three
Who Qualifies?

To qualify for a reverse mortgage you must be at least 62 and own your own home. There are no income or medical requirements to qualify. You may be eligible for a reverse mortgage even if you still owe money on a first or second mortgage. In fact, many seniors get a reverse mortgage to pay off a first mortgage.

You can choose how to receive the money from a reverse mortgage. The options are:

bullet all at once (lump sum)
bullet fixed monthly payments (for up to life)
bullet a line of credit
bullet or a combination of these.

The most popular option - chosen by more than 60 percent of borrowers - is the line of credit, which allows you to draw on the loan proceeds at any time.

Contact Us
Golden State Mortgage Trust
6809 Indiana Ave. Suite 200
Riverside, Ca. 92506
 800/698-6731
info@reverseloan.com

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We do reverse loans in California only.
 

Golden State Mortgage Trust, Inc.  ◦ 6809 Indiana Ave. #200 ◦ Riverside, Ca. ◦ 92506 ◦ Phone: 800/698-6731
Licensed by the California Department of Corporations under the California Residential Mortgage Lenders Act (File No. 413-0148).