The jumbo home financing tool for people who want to retire as well as they lived.
If you are 62 or older, this innovative loan choice could allow you to access some of the equity in your home, giving you better control over your assets, investments and cash flow.
Receive potentially hundreds of thousands of dollars more than a traditional FHA-insured HECM reverse mortgage allows.
Introducing a powerful retirement tool for owners of higher valued homes.
* Borrower still required to pay ongoing property taxes, homeowners insurance and maintenance of home as well as occupy home as their primary residence for the loan to remain in good standing.
Use the proceeds to maintain your lifestyle and be better prepared for the future.
Funds to pay for a new kitchen, bathroom or other remodeling or maintenance project you have been waiting for.
If you are still paying a mortgage payment you may be eligible to refinance your traditional mortgage into a jumbo reverse which has no monthly mortgage payments required.
** Not tax advice. Please consult a tax advisor.
Many people have used a jumbo reverse mortgage to cover the cost of in-home care giving them the freedom to remain living in their home they love and feel most comfortable in.
We are Southern California's Premier Experts on Jumbo Reverse Mortgages.
Proceeds from a jumbo reverse mortgage are loan proceeds and not considered taxable income.
Unlike the traditional FHA-insured HECM Reverse (home equity conversion mortgage) there are no required mortgage insurance premiums on this loan choice.
*** Capital gains taxes are only due upon a sale. A Reverse Mortgage is a loan, secured by a mortgage on your home, and does not require sale of the home as long as your loan remains in good standing.
Remain living in the home you love and avoid selling.
No application fee. Most closing costs can be financed into the loan.
If you are located in San Diego County or anywhere in Southern California, I'm happy to come to your home to discuss things the old fashioned way, face-to-face over the kitchen table, with a handshake and a smile.
Together we can review the pro's and con's of a Jumbo Reverse Mortgage in your situation.
a Jumbo Reverse Mortgage could be the ideal solution you have been waiting for.
Competitive interest rates that might surprise you.
Loan amounts up to $4 million.
Discover the Value of working with a Certified Reverse Mortgage Professional (CRMP).
As of July 2017 only 155 individuals in the entire United States held the designation of CRMP.