![]() To speak with someone at RR & P Services LLC, please call 95. You are not required to enter into this agreement as a condition for doing any kind of business with RR & P Services LLC, and you can revoke this consent any time. This calculator estimates benefits you might receive from the federally-insured Home Equity Conversion Mortgage (HECM) reverse mortgage program. By sharing your contact information, you express consent to RR & P Services LLC to contact you about your inquiry via phone call or text at the phone number and/or email address you provide using a manual or automated system. ![]() ![]() While an H4P is a mortgage, the borrower is not required to. A Downey California Reverse Mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. You can buy a new home by putting as little as 30 to 70 of the purchase price down from your own funds the remainder is funded by the H4P loan. Please see our privacy notice for additional details.Ĥ. Now there’s a third way: Pay using a Home Equity Conversion Mortgage for Purchase (H4P) loan, which is just for homebuyers aged 62+. As we are a financial institution, any personal identifying information submitted to us here will be used for the purpose of communicating with you or advertising to you now or in the future, with the hope of presenting you with financial products that may fit your need. The loan is repaid when the borrower passes away. We do not sell our subscriber email list to other parties. A reverse mortgage is a loan for homeowners age 62 and older that requires no monthly mortgage payments. How much you qualify for depends on your age, home value, and the expected interest rate. A HECM reverse mortgage offers a portion of the value of your home. You always remain the owner of your home. Be contacted about a mortgage at my phone number even if my phone number appears on a State or Nationalĭo Not Call Registry, or any other Do Not Contact List.ģ. A reverse mortgage is a home loan the lender isn’t buying your home. Receive disclosures and communications about my loan inquiry in electronic form (I confirm that I haveĪ working computer system and internet website browser to view this webpage) andĢ. By clicking "Submit" I agree by electronic signature to:ġ.
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