Stay in your home maintaining ownership without ever having to make another mortgage payment. Let our qualified professionals help you decide if a Reverse Mortgage is right for you.
Are You Considering A Reverse Mortgage, Or What We Call A Retirement Mortgage?
If so, you probably have questions such as:
-
Is a Reverse Mortgage right for me?
-
What are the benefits of a Reverse Mortgage?
-
What are the types of Reverse Mortgage payouts?
That’s where we come in! Let our experts help answer your questions about the Reverse Mortgage process.
Get Your Free Consultation
Why San Diego Reverse Mortgage?
Your Reverse Mortgage Specialist
Chris Hickman and The Christopher Company have over 40 years of experience in real estate and mortgage lending in San Diego County. Chris has a degree in Real Estate Finance from Indiana University.
His team of mortgage specialists have worked in all areas of the mortgage industry. Together they have the expertise to ensure you find the loan product that works best for you.
The many aspects of procuring a Reverse Mortgage loan can be stressful and overwhelming, but it doesn’t have to be. The professional specialists at The Christopher Company will support you in ensuring the entire process from the
application to the close of your loan runs smoothly.
Call today for a free consultation to determine if a Reverse Mortgage is right for you and your family.
Call Now
Is a Reverse Mortgage Right For You?
1. Would you like to stay in your own home without a mortgage payment?
2. Would you like to enjoy your senior years without the stress of financial worries?
3. Would you like to supplement your income?
4. Would you like the security of savings set aside for unexpected expenses?
If these are questions you have, a Reverse Mortgage may be the answer for you.
Benefits of a Reverse Mortgage
- A Reverse Mortgage can help provide financial freedom by accessing your equity.
- Monthly mortgage payments are not required.
- You are allowed to stay in your own home and keep your title.
- Proceeds from Reverse Mortgages are tax-free and not considered income.
Do You Qualify For A Reverse Mortgage?
- Are you at least 62 years of age?
- Do you own your property outright, or is the mortgage small enough to be paid off in the Reverse Mortgage process?
- Do you occupy the property as your primary residence?
- Is your home considered a single-family home?
If you answered “Yes” to all these questions, then you may be able to qualify for a HECM Reverse Mortgage.
What Is A HECM Reverse Mortgage?
A Home Equity Conversion Mortgage (HECM), the most common type of Reverse Mortgage, is a special type of home loan for homeowners 62 and older. HECM is the Federal Housing Administration’s (FHA) Reverse Mortgage program that enables you to withdraw some of the equity in your home. You choose how you want to withdraw your funds, whether in a fixed monthly amount, a line of credit or a combination of both.
Types of Mortgage Payouts
- Lump Sum Payment
- Line of Credit
- Fixed Monthly Payments
- Combination of These Options
No matter what you choose, you will not have to make any payments on the mortgage if you are living in the home. When the Reverse Mortgage comes due, you can sell your home or pay off the loan and keep your home.
What Should You Consider?
Your home has more than a monetary value. You may want to discuss the decision
with your family first.
Reverse Mortgages are a specialty loan product and might not be as common or well-known by your average loan officer. Be sure you speak with a Reverse Mortgage specialist who can help you make this decision.
Contact Us For A Free Consultation Today!
Our representatives will be ready to assist with any questions you may have.
