If you have any questions or would like a no-obligation consultation, give me a call today at:
I've been serving Southern California's Reverse Mortgage needs since 2003.
Please browse my website to learn about HUD's HECM (Home Equity Conversion Mortgage).
In my 17 years in the reverse mortgage business I’ve learned that many seniors have postponed or decided not to set up a reverse mortgage because they have been given some misconceptions about them. Read about Reverse Mortgage Misconceptions here to get the facts and contact me today to schedule your no-obligation consultation.
Working with Owen:
I'll prepare a "No Obligation Quotation" for you at no cost.
I'm never in a hurry, you can take all the time you want to think about it
I'll come to your home and meet with you at your kitchen table. I will not expect you to make a decision, this would be what I call a "Get Acquainted & Information Meeting". I want to make sure that I answer all your questions and that your entire family understand how the Reverse Mortgage Program works.
If you do a reverse mortgage with me, you will not pay anything out of your pocket, all the fees are financed into the loan.
It's a program that's insured by the FHA that enables a senior homeowner (62+) to take a portion of their homes equity to use for anything they need:
This is how seniors can use their home to stay in their home.
If you have the funds available, you would pay off the reverse mortgage just like any other mortgage.
If you don't have the funds available, they you can
sell the home, and out of the sale proceeds you would pay the reverse mortgage lender what you owe them, and all the remaining money goes to you.
On average a senior borrower (62+) can borrow 50% of their homes equity. Any mortgage must be paid off with the available reverse mortgage money.
The amount of money that can be borrowed is based on the age of the youngest borrower.
Anyone 62 or older and who has a good credit history.
An average amount would be 50%.
Can I pay off my reverse mortgage early? If so, how do I do that?
Whoever is in charge of your estate would sell the home and out of the sale proceeds they would pay what is owed to the reverse mortgage lender, and all the remaining money would go to the children or heirs.
Owen services San Diego, Orange, Los Angeles, Riverside, San Bernardino and Imperial Counties.
I am fully licensed in California to meet your needs:
BRE# 01253295 NMLS# 279015