San Diego Reverse Mortgage Market Poised For Growth
San Diego, with its idyllic coastline, laid back lifestyle and mild climate attracts many current and future retirees. Legacy Reverse Mortgage predicts the number of retirees utilizing the reverse mortgage program to continue to grow.
San Diego, CA (I-Newswire) October 16, 2013 - San Diego, with its idyllic coastline, laid back lifestyle and mild climate attracts many current and future retirees. "For retirees in San Diego, looking to enhance their retirement, a reverse mortgage can help," says Todd Ausherman, COO for Legacy Reverse Mortgage, a San Diego reverse mortgage provider. "Cash is king, especially if you are retired or planning to retire. What better solution, then a reverse mortgage, for baby boomers and other retirees looking to fund their retirement on a fixed income?"
Reverse mortgages allow San Diego residents, as well as all Americans over the age of 62, to convert their home's equity into tax-free cash. Those nearing retirement or no longer working, should learn what financial tools are available, in order to fund a well-deserved retirement. There are a number of options available under the HECM program including: setting up a line of credit, receiving a lump sum payment, receiving a set amount monthly for life, or any combination of the three.
In addition, a reverse mortgage can be used to purchase a home in San Diego, allowing you to finance the home without ever having to make a monthly mortgage payment. "Let's face it; San Diego isn't the cheapest place to live. A mortgage payment should not be hampering your quality of life," explains Ausherman. "If you're looking to move to San Diego but are concerned about home affordability, a reverse mortgage can help with that! Even if you don't need money now, but believe you may need access to capital in, say, 20 years, a reverse mortgage can help with that too!"
Considering the current number of reverse mortgage borrowers in San Diego, Legacy Reverse Mortgage predicts the number of retirees utilizing the reverse mortgage program to continue to grow. "As word continues to get out, we expect to see more people in the San Diego area using reverse mortgage as a financial tool," says Ausherman. "Honestly, there is no reason for all who qualify to not at least consider this option. I think people may be pleasantly surprised by what they discover."
About Legacy Reverse Mortgage
With over 20 years of combined experience specializing in reverse mortgages, Legacy Reverse Mortgage More.. has become one of Southern California's fastest growing reverse mortgage lenders. Every member of Legacy's executive team holds the distinguished title of Certified Reverse Mortgage Professional, a select few of elite industry participants. Jim Cory, CEO of Legacy Reverse Mortgage, serves as the Vice Chair on the National Reverse Mortgage Lenders Associtaion Board of Directors. Legacy has been featured on the nationally syndicated Real Estate Radio Network, KCBQ, Intelligent Talk and KPRZ in San Diego. People interested in learning more about Legacy Reverse Mortgage are invited to contact Legacy directly at 1-888-678-0818 or via email at email@example.com.Less..
Legacy Reverse Mortgage
11526 Sorrento Valley Rd.
Phone : (858) 847-9600
Published On:October 16, 2013
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.