Welcome
If you are looking for additional retirement income, you have come to the right place. American Senior Funding is here to assist you in converting your home's equity into solid cash that you can use in any way you choose.
Located in Southern California and licensed in several other states across the country, we are Southern California's premier Reverse Mortgage lender, providing mortgage and real estate services strictly to the senior community. Our goal is to provide you with the information you need to make an informed decision.
Senior American Funding is an authorized FHA lender and member of the National Reverse Mortgage Lending Association, providing a variety of Mortgage Services and products to seniors nationwide.
Mortgage Myths
- MYTH: The bank takes ownership of my home. WRONG!
FACT: You retain ownership to your home....forever! - MYTH: When I die, the government or bank will own my home. WRONG!
FACT: You can leave your home and its equity to anyone you want. - MYTH: I can't qualify for the loan if I am in foreclosure or bankruptcy. WRONG!
FACT: Yes you can. And it does not require credit or income qualification either. - MYTH: I am restricted to how I use my money. WRONG!
FACT: You can use YOUR money for any purpose. ANY purpose. - MYTH: My children could be responsible for the repayment of the loan. WRONG!
FACT: Never. The loan is paid off when the property is sold or refinanced. - MYTH: I cannot get a reverse mortgage if I have an existing mortgage. WRONG!
FACT: Absolutely you can and wipe out any current mortgage payment, put cash in your pocket and receive a monthly income and never have to repay it!
