Reverse Mortgage

Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until you sell the property, move into a retirement community or pass away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender.

Most reverse mortgages require you be at least 62 years of age, have a low or zero balance owed against your home and maintain the property as your principal residence.

Reverse mortgages are ideal for homeowners who are retired or no longer working and need to supplement their income. Interest rates can be fixed or adjustable and the money is nontaxable and does not interfere with Social Security or Medicare benefits. Your lender cannot take property away if you outlive your loan nor can you be forced to sell your home to pay off your loan even if the loan balance grows to exceed property value.

Our service eliminates the mystery of California reverse mortgage loans, new reverse mortgages, and AARP reverse mortgage refinancing. We act as your anonymous connection to a reverse mortgage broker in San Diego acting as your advocate. If you are planning to refinance your reverse mortgage, get an online reverse mortgage loan, get a California reverse mortgage from a San Diego reverse mortgage lender, or research reverse mortgage loans, our participating San Diego mortgage brokers can help you make the right decisions.

There are no forms to fill out. We never require you to give any personal information to any mortgage loan officer. Reduce the hassle of getting answers to your mortgage loan questions by connecting, live, with one of our qualified mortgage professionals. Get solid loan rates. Get your research done with real people who have real experience and real answers. Ask our reverse mortgage professionals about:

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