Reverse Mortgages

A reverse mortgage offers you the opportunity to enjoy financial freedom, stay in your home, and live life on your terms during retirement. It's a valuable tool designed to support your financial well-being and enhance your retirement experience.

We've put together an easy to read overview of all these benefits!

Access Your Equity

A reverse mortgage allows you to unlock the equity in your home without having to sell it. This means you can tap into the wealth you've built up over the years to support your financial needs without leaving your cherished home.

Financial Freedom

With a reverse mortgage, you receive funds from the lender, providing you with financial flexibility. Whether you need extra income for everyday expenses, healthcare costs, or fulfilling retirement dreams, a reverse mortgage can help you achieve those goals.

No Monthly Mortgage Payments

Unlike traditional mortgages, with a reverse mortgage, you won't have to make any monthly mortgage payments as long as you continue to live in your home, maintain it, and pay property taxes and insurance. This frees up your monthly budget and reduces financial stress.

Stay in Your Home

A reverse mortgage allows you to remain in your home and maintain homeownership. You get to stay in the place filled with memories and comfort while accessing the funds you need to enhance your quality of life.

Flexible Options

You have the flexibility to choose how you receive the funds from the reverse mortgage. Whether you prefer a lump sum, a line of credit for future use, regular monthly payments, or a combination of these options, you can tailor the loan to suit your specific financial needs and goals.

Security

Most reverse mortgages are non-recourse loans, meaning you (or your heirs) will never owe more than the value of your home, even if the loan balance exceeds the home's value when it's repaid. This provides peace of mind knowing that you're protected against unforeseen circumstances.

You can have a reliable pathway to financial security!

Access the equity in your home without sacrificing homeownership or monthly mortgage payments.

Have peace of mind and flexibility in retirement.

Retired & Purchasing?

You Can Use a Reverse Mortgage!

Leverage the equity you've built up in your current home to cover the purchase price of a new home. This means you can use your existing assets more efficiently and still achieve your goal of homeownership in your desired location.

You won't have to make monthly mortgage payments on the loan. Instead, the loan balance accumulates over time and is repaid when you sell the home, move out, or pass away. If the sale proceeds more than the loan balance, you or your heirs receive the remaining equity.

Like any other home purchase, there's potential for the value of your new home to appreciate over time. Any appreciation in the home's value can benefit you or your heirs when the loan is eventually repaid, potentially leaving a legacy for your loved ones.

Purchasing a home with a reverse mortgage can be a strategic part of your retirement planning.

It can be helpful if you're looking to downsize or relocate while maintaining financial flexibility.

It's a smart choice that empowers you to make the most of your assets and enjoy the retirement you deserve.

Social Security

& Reverse Mortgages

Many Seniors are living on their Social Security benefit only. How can you use Reverse Mortgages and benefit features to your advantage?

Click the button below for a 3 minute read, from our blog 'Social Security & Reverse Mortgages' to learn about the benefits of delayed Social Security benefits alongside opening a Line of Credit.

Cindy Regan, All Rights Reserved

Cindy Regan - Originating Branch Manager - NMLS #264375

The Lending Authority Team - Hancock Mortgage -Powered by City First Mortgage Services LLC - NMLS #3117

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. The Lending Authority Team powered by City First Mortgage Services is not an agency of the Federal Government, and is not acting on behalf or at the direction of HUD/FHA.

Cindy Regan, All Rights Reserved

Cindy Regan - Originating Branch Manager - NMLS #264375

The Lending Authority Team - Hancock Mortgage -Powered by City First Mortgage Services LLC - NMLS #3117

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. The Lending Authority Team powered by City First Mortgage Services is not an agency of the Federal Government, and is not acting on behalf or at the direction of HUD/FHA.