Traditionally Reverse Mortgages have been given a bad rap. In fact If you ask, most people think reverse Mortgages are way more expensive then conventional loans. Or, the banks use reverse mortgages to take your home and throw you out of your house.

Neither of these are accurately stated or even true. Many home owners with reverse mortgages say its the best thing they could have done to live comfortably. One California Reverse Mortgage Specialist is speaking out and looking to assist San Francisco residents. Golden Years Mortgage Solutions is lead by Tim Jacobs. Tim has over 12 years experience in the industry. Mr. Jacobs has always been passionate about helping and educating seniors. He believes that financial education is the key to understanding exactly what benefits are available and how to take advantage of them the best way possible. Because of his efforts, thousands of seniors have benefited from reverse mortgages. The funds from a reverse mortgage can be used for a variety of proposes. The best news is that you are not restricted in any way in how you use the funds and no monthly payments are required during the life of the loan.
Examples of uses of a reverse mortgage include:
Refinance your existing property liens and mortgages (including an existing reverse mortgage) and make no more monthly payments
Consolidate your debts: credit cards, car loans, equity lines, anything
Use your money to make investments
Take better vacations
Supplement your retirement income
Have money to make home repairs and improvements
Long-term care insurance
Medical expenses and prescription drugs
Pay your property taxes
Retire now
Pay for your funeral now, so you family won’t have to
Purchase a primary residence without being restricted due to limited income, employment, or bad credit.

For more information about reverse mortagages you can contact Tim at 1(800) 630-0650 ext. 102. or visit him at www.goldenyearsmortgagesolutions.com