Advantages of the California Jumbo Reverse Mortgage over the Home Equity Conversion Mortgage (HECM):
- Loan amounts up to $4 million—significantly more than a HECM allows
- No mortgage insurance premium
- No initial disbursement limitation—you can take the full amount at closing
- Condominiums appraised at $500,000 or more do not require FHA approval
Use a Jumbo Reverse Mortgage to eliminate mortgage debt and free up funds to pay for virtually anything!
You can use your proceeds as you choose and to fund a more comfortable and secure retirement.
- Pay off existing mortgage debt to eliminate monthly mortgage payments and improve cash flow
- Buy a house or condo in an upscale area
- Pay for home improvements
- Cover medical or in-home care expenses
- Refinance an existing reverse mortgage to access a larger pool of funds
Contact us for a consultation and have all of your California reverse mortgage questions answered today!
You’ll find out:
- Do I qualify for a reverse mortgage?
- How much money can I get?
- Is a reverse mortgage right for me?
- How does a reverse mortgage work?
- What kind of reverse mortgage products are available to me?
No Application Fee!