"Use Your Home to Stay at Home" ---- I specialize in FHA-insured** Reverse Mortgages in the San Francisco Bay Area. My office is in Walnut Creek, CA. I assist homeowners to convert a portion of their equity into cash. My job is to help my clients decide if a reverse mortgage is truly the right thing to do.
All deed-holders must be age 62 or older.
Homeowners retain title as long as they continue to live in their home.*
They make no monthly mortgage payments.*
There are limited income/credit/medical qualifications.
The loan is not repaid until the last borrower moves out or passes away. Heirs never owe more than the appraised value of the home.
*Borrowers must comply with the terms of the mortgage contract; they must pay their property taxes and homeowners insurance premiums on time and they must keep the home in good condition.
**Open Mortgage, LLC is not acting on behalf of or at the direction of the federal government.
As life expectancies continue to lengthen, seniors regularly outlive their retirement savings and sometimes struggle to supplement fixed incomes. Although families care deeply for their aging relatives, the cost of supporting them financially in their later years can cause added stress to an already delicate situation.
If you are like many people aged 62 or older,
We Are Open Mortgage