Speak with a Mortgage Consultant (650) 553-9880

Improve Your Monthly Cash Flow with a Reverse Mortgage!

Child Helping Parent Reverse Mortgage

Reverse mortgages allow you to convert your home equity into cash. They're quite similar to regular mortgages when purchasing a property but in reverse. With regular mortgages you receive money upfront to purchase a property and repay the loan every month. The difference with reverse mortgages is that you already own the home and they allow you to withdraw equity from your home, converting it to cash in the form of a monthly payment or lump sum.

You can receive money without many of the traditional mortgage qualifications as your income and assets is not taken into account when qualifying for the reverse mortgage. This makes them easier to obtain.

Benefits

  • Improve your monthly cash flow

  • No monthly payments on the mortgage

  • Pay off debt or any unexpected expenses

Qualifications

  • Be at least 62 years old (all borrowers)

  • Have sufficient equity in your home

  • Own a single family or 2-4 unit property

  • Receive consumer info from HECM counselor

Frequently Asked Questions

It depends on your age, the value of your home, current interest rates, and your current loan balance. The more valuable your home and the more equity you have, the more money you can borrow.  
No, the bank never owns your home during the loan term of a reverse mortgage. You still hold the title to your property. Because you still own your home, you are still responsible for taxes, insurance, and home maintenance.
Your mortgage is due after death but heirs have multiple options. Heirs can keep the property by paying off the loan balance. They can also sell the property and are able to keep any of the proceeds of the sale after the reverse mortgage is paid. Lastly, the heirs can walk away if the property has little equity or the loan amount is higher than the value of the home.  
There is no need to repay the loan until all borrowers cease to live at the property, pass away, or fail to meet loan terms (For Example: Failing to pay homeowner’s insurance).
Located in South San Francisco, we've been serving California homeowners since 1998 and have thousands of satisfied clients. We combine the best of online mortgages with the local expertise and reliability you deserve. We strive to find the perfect loan scenario for you and make the process as efficient as possible. Check out our testimonials to see what our clients have said about our service!

APPLY FOR A LOAN