A Home Equity Conversion Mortgage (HECM), or reverse mortgage, allows homeowners age 62 and older to tap into their home’s equity. The funds can be used to supplement retirement income, travel or for any number of other purposes while allowing the homeowners to remain in the home as long as they like.
"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 no 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.
Spring is here! Frogs are croaking, birds are singing and flowers are blooming. Whether you’re getting
ready to sell your home or just want to add some beauty as an investment in your home (and equity), this guide will help you get started.
Plant Hardiness Zones
Before you plant anything,
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