Secure Your Future with a Reverse Mortgage in California
A Better Retirement Begins with Honest Solutions
As a Reverse Mortgage Brokerage in California, we understand that living here can put a lot of strain on your finances, even more so for a senior. We’re here to guide you smoothly into this exciting new chapter of your life, making sure you enjoy your retirement years to the fullest.
How it works
Five Easy steps to a Better Retirement
How it works
Five Easy steps to a Better Retirement
Education
A Reverse Mortgage expert will talk with you over the phone or at your home to determine the best fit for you.
Counseling
You will talk with a government-licensed counselor to help you make an informed decision on whether Reverse Mortgages are right for you.
Application
We will send you a copy of the application, and a licensed Reverse Mortgage Broker will walk you through every question you might have before it is submitted.
Appraisal
A licensed third-party appraiser will come to your home to assess the value of your home.
Signing
Everything is complete, and we are ready to sign and start retiring comfortably!
Key Points about Reverse Mortgages
Eliminate Mortgage Payments Forever 
Maintain Title and Ownership of your Home
Get Tax Free Cash in One Lump Sum or Monthly Payments to Supplement Your Retirement 
Use Funds as Needed – Whether For Bills, Paying Off Debt, or Going on a Vacation
Don’t Need Cash Now? Preserve Your Equity With a Growing Line of Credit
Federally Insured by the U.S. Government 
Maintain Title and Ownership of your Home
Use Funds as Needed – Whether For Bills, Paying Off Debt, or Going on a Vacation
Don’t Need Cash Now? Preserve Your Equity With a Growing Line of Credit
- The borrower is still responsible for paying property taxes, homeowner’s insurance, and home maintenance costs.
- Your reverse mortgage funds can be distributed as either a cash lump sum, a line of credit, or receive monthly payments (term or tenure).
- Only Approved HECM Loans are FHA insured, proprietary products such as Jumbo reverse mortgage loans are not Federally insured.
Products we offer in California
If you’re 55 or older and own a high-value home in California, a jumbo reverse mortgage could be your best option. This financial option lets you access your home’s equity without needing to sell, providing a practical solution for enhancing your financial flexibility in retirement.
A reverse mortgage for purchase lets you use the equity from your current home to buy a new one. This type of reverse mortgage simplifies the process of moving or downsizing by directly applying your home’s equity to the next property.
You can refinance your reverse mortgage annually, provided it still offers a financial advantage. This allows you to adjust terms and potentially access more benefits (such as cash, Lines of credit, etc.) each year.
Researching loans on behalf of a senior loved-one?
Are you concerned about your parents’ or grandparents’ financial security? Do you want to help but feel overwhelmed by the process? We understand how challenging it can be to navigate this journey with your senior loved one, and we’re here to guide you every step of the way, ready to answer any questions you may have.
A reverse mortgage refinance could provide the extra funds they need for daily living, medical expenses, or even that dream vacation. Don’t miss the opportunity to support your loved one– give us a call at (888) 347 6252 to discuss any concerns or questions you might have.
Check out our FAQ section below for basic information on how reverse mortgages really work. For a more in-depth explanation, please visit our products page.
Frequently Asked Questions
A reverse mortgage loan is just like a traditional mortgage, you remain as the owner of your home. The difference is how you pay it back. With a traditional mortgage, you have to make mandatory payments every month, while with a reverse mortgage, payments are optional.
In a reverse mortgage, the lender pays the homeowner a portion of their home’s equity as a lump sum, a series of payments, or as a line of credit. The homeowner continues to own the home and must keep up with property taxes, insurance, and maintenance.
No, there is a common misconception that banks take ownership of your home, but this is not true, you remain the owner. Home Equity Conversion Mortgage (HECM) is a Federal Housing Administration (FHA) insured loan. Although the products like reverse mortgage refinance or reverse mortgage purchase may not be for everyone, it is a popular choice for seniors looking to get more out of their retirement.
Yes. You remain the owner of your home and can choose to sell your home if you wish. The reverse mortgage loan will be paid off through the sale and you, as the owner, will keep the remaining proceeds.
Yes! You may refinance your existing reverse mortgage as long as it’s been 12 months since the last refinance. There also needs to be a benefit to doing it, such as better terms, more cash available, etc. Feel free to contact us if it’s been more than 12 months since your last refinance so we can gauge your elegibility!
Yes, just like a traditional mortgage, you can choose to refinance, pay off your mortgage, or sell your home at any time. There are no prepayment penalties.
No, as long as you maintain your homeowner obligations such as property taxes, insurance, and maintenance of your home, your reverse mortgage and its proceeds (cash, line of credit, monthly payments) can never be taken away from you, unlike other products such as Home Equity Line of Credit (HELOC).
No, proceeds received from a reverse mortgage are tax-free.
Yes! You can choose to make any payment, any time, any amount, with zero penalties.
We are located in Los Angeles, California, and we are licensed to broker loans in California. We cover reverse mortgages in Los Angeles but we can do loans all over California.