1. ASK FOR A REVERSE MORTGAGE
2. MAINTAIN OWNERSHIP OF YOUR HOME
3. CONTINUE TO ENJOY THE HOUSE FOREVER.
WE ARE OFFICIAL ADVISORS OF EVEN MORE LIFE
The reverse mortgage is a type of mortgage loan aimed at homeowners over 65 years of age. Contrary to the conventional mortgage, it is the holder who receives a monthly amount from the insurance company in exchange for the home, an amount that will be collected over a very long period of time that significantly exceeds their life expectancy. In addition to not losing ownership of your home, you can continue to use it until your death.
In addition, we offer the option of contracting specific assistance services for the elderly.
If you want to learn more about this type of mortgage, visit our article where you will learn all about reverse mortgages.
With the Caser – Mas Vida calculator you will be able to calculate the monthly payment that corresponds to you. To do this, simply enter the age of the user(s), the market value of the property, and the initial disposition if any.
Fill in Calculator Format or Call us: + (34) 952 85 1613 or Write to us at Email: andalucia@aunmasvida.es
With the Caser – Mas Vida calculator you will be able to calculate the monthly payment that corresponds to you. To do this, simply enter the age of the user(s), the market value of the property, and the initial disposition if any.
Fill in Calculator Format or Call us: + (34) 952 85 161 or Write to us at Email: info@citymalaga.com
The user remains the owner of the property.
The user can repay the loan during his/her lifetime if he/she so desires or after his/her death. In the latter case, the heirs will be responsible for settling the accumulated debt within 12 months following the death of the last owner. This debt will be equal to the sum of the provisions plus interest.
In addition, all transactions are formalized in a public deed before a notary, thus guaranteeing your security and peace of mind. Likewise, and if you wish, we can help you find any additional services you may need through our collaborating companies.
The user will only have to assume the costs of the official appraisal prior to the granting of the reverse mortgage and the costs of the independent advisor. The rest of the associated expenses will be included in the amount of the loan itself (origination fee, notary, land registry, etc.).
The amount received is not subject to any taxation.
In addition, the user may take out a reverse mortgage to pay off an existing mortgage.
We help you in the whole process and formalization. Contact us and we will give you all the information and advantages of this product.
Requirements:
Formalization process
We meet with the interested party to learn about their preferences and specific needs.
2. We consulted various equity liquidation products and presented you with various reverse mortgage proposals.
The official appraisal is performed by an independent appraiser approved by the Bank of Spain and the National Securities Market Commission.
4. A binding offer (final proposal) is issued by the entity.
5. The transaction is formalized before a notary and the amount of the reverse mortgage is received.
The user can repay the loan during his/her lifetime if he/she so desires or after his/her death. In the latter case, the heirs will be responsible for settling the accumulated debt within 12 months following the death of the last owner. This debt will be equal to the sum of the provisions plus interest.
The user will have to assume the following expenses prior to the granting of the reverse mortgage: the amount of the official appraisal on the property and the costs of the independent advisor.
The entity charges an annual interest rate for life on the amount borrowed. This accumulates annually to the amount of the debt. This amount is fixed in the constitution and does not change.
Receive a one-time payment in exchange for the sale of the freehold of your home and continue to use it for life.
Thanks to a previously stipulated monthly payment, you will be able to meet those expenses that until now were not within your reach and continue to enjoy your home forever.
Reverse housing is a flexible and efficient financial solution for seniors to monetize all the savings they have deposited in their homes.
Sell your home and continue to enjoy it as a tenant, thus getting rid of the costs of being a homeowner.
With the Reverse Mortgage you will receive a monthly periodic payment and the possibility of a one-time payment at the time of incorporation. You will retain ownership and usufruct of the house and will not have to repay the mortgage during your lifetime if you choose to do so.
with City Malaga Financial Services ?
In City Málaga – Mas Vida we consider the following factors to determine the Monthly Rent that corresponds to the usufructuary:
If you are interested in a Reverse Mortgage study we need you to send us the following information to our email andalucia@aunmasvida.es:
- Personal information of the interested party (copy of NIF, NIE or Passport).
- Documentation of the house (exact address of the property and the last receipt of the Real Estate Tax).
- Contact telephone number.
We will get back to you as soon as possible
+ (34) 657 566 031 
+ (34) 952 85 1613