What Is A Reverse Mortgage In Marin County?

Sell My House Fast In Marin County. When you’re at a certain age, and you’re on a fixed income – having a reverse mortgage might sound pretty enticing to get some extra money from your Marin County home. But what if you could get a lump sum for your Marin County home – without the need for repairs, commissions, or a long wait time before a sale?

In this article, we will break down what a reverse mortgage is, and why it’s better to sell your home to a direct cash buyer versus getting a reverse mortgage.

A Reverse Mortgage In Marin County

A reverse mortgage in Marin County allows homeowners to borrow money using their home as collateral for the loan. When you take out a reverse mortgage loan, the title of your Marin County home will remain in your name. As a borrower, you will no longer pay monthly mortgage payments – thus freeing up some of your fixed income. 

However, interest and fees are added to the loan balance each month, and this balance will grow until you no longer live in the home. You are still required to pay property taxes and homeowners insurance and you need to maintain your home in a good condition for the bank. 

Now, you need to understand, a reverse mortgage is not free money. You essentially double down on what you owe, which will raise your loan balance. Eventually, you or your heirs will have to pay back this loan, by selling your Marin County home.

But here’s why working with a direct cash buyer is better than a reverse mortgage…

1. You Will Not Have To Repair Your Marin County Home

You will not have to keep your home in a good condition when you work with us – we will buy your home, as-is. Not only will you have more money in your pocket at the end of the day, but you will be able to downsize, and move into a home that can be more aligned to your means.

2. You Will Get Your Money Sooner, Not Later

By selling to us, you will have money in hand in 7 days or faster. You will not need to open out a loan with the bank for the reverse mortgage, and you will have something to expand your fixed-income without hassle. Reverse mortgages essentially end when you move out, or when you pass away. Why stay in your home and live under your means, when you can downsize and have a lump sum of money to spend on whatever you want/need?

3. We Will Help With The Move

Take what you need, and leave the rest for us to clean. It’s that simple. You will no longer have to pay property taxes on your Marin County home – and you can move closer to your family while having a nice, fat wallet. This helps with any unforeseeable events in your future, and you will be prepared with a nice buffer zone in terms of income with the sale of your Marin County home.

Sell My House Fast In Marin County

We won’t make you wait – and we will make sure that selling your Marin County home is for your best benefit. If you’re looking to work with the best cash for homebuyers in the Bay Area – we are here to help.

My team and I buy houses fast in Marin County and can give you an all-cash offer even faster. We buy houses fast in Marin County in any condition, and you don’t even need to clean up as well.

If you’re wondering about what offer we can give you for your Marin County home, and you’re looking for the best people who buy houses in Marin County, feel free to give us a call anytime at (510) 900-8770 or you can fill out our form here today!