Laura Strickler, CSA
760-518-9839 cell
800-491-2374 toll-free
760-454-4649 fax
1542 Autumn Woods Pl
Escondido, CA 92029
Laura Strickler, CSA
Reverse Mortgage Specialist
Certified Senior Advisor
Until recently, there were two main ways to get cash from your home: you could sell your house, but then you would have to move; or you could borrow against your home, but then you would have to make monthly loan repayments. Now there is a third way of getting money from your home that does not require you to leave it or to make monthly loan repayments: The Home Equity Conversion Mortgage (HECM) or reverse mortgage.
If you've been thinking about a reverse mortgage, you know how important it is to do your homework. The FHA home equity conversion mortgage (HECM), more commonly known as a reverse mortgage, is a government insured program that allows seniors, age 62 and older, to convert home equity into cash. The FHA HECM (home equity conversion mortgage) also allows this cash to be taken by the senior in several ways: lump sum, line of credit, monthly advances or a combination of all three options. The best feature of a reverse mortgage is that you are not required to make payments on the loan until you move, sell or pass away.
In addition to the FHA HECM (reverse mortgage) programs, there are also jumbo reverse mortgage programs available. These programs are more beneficial on higher value homes. These reverse mortgage programs provide the same benefits to seniors: no monthly repayments are required and the money can be used for any purpose.
How do you qualify? You must be 62 years or older. You must live in the property. You must receive counseling from a qualified reverse mortgage counselor. A reverse mortgage does not require you to income or credit qualify. To see how much you can qualify for, click here. For a free report on reverse mortgages, click here.
Whom should you call? Laura Strickler is a Certified Senior Advisor and has been assisting seniors exclusively with the reverse mortgage (HECM) process since 2001. Laura has worked in the financial industry since 1991, has a Department of Real Estate Sales License and also is a Notary Public. Laura is proud to count many of her clients as friends. Visit Laura's website to learn more about reverse mortgages (HECM) and to read testimonials from her previous clients.
Laura is a board member on The Angel's Depot board. The Angel's Depot is a non-profit organization that provides boxes of non-perishable food (21 meals) to seniors living below the poverty level ($900 and below) during the last week of the month. This is the time that many seniors run out of food, just before they receive their Social Security checks. To find a link to The Angel's Depot website and to learn more, visit Laura's website now!